Billionaire hedge fund manager Louis Bacon, the founder of $15 billion AUM Moore Capital Management, is going to give back $2 billion to investors, Bloomberg TV's Stephanie Ruhle and Erik Schatzker report citing a letter to investors.
According to Bloomberg TV, the macro hedge fund manager told investors in the letter that the main fund may be too big to match past returns.
He also said that liquidity and opportunities are more constrained.
His main fund was down 3.18% this year through the second quarter, the New York Times' Landon Thomas Jr. reports.
SEE ALSO: Hedge Fund Titan Louis Bacon Doesn't Even Have To Get Out Of Bed For Market News >
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