Louis Bacon's Moore Global Investments posted one of its strongest months in years for May, with a whopping return of nearly 7.4%, leaving year-to-date performance up close to 18%. It was expected to give up some of the gains in June, but still looks as if the firm has found its old winning form.
This move was the best the fund has seen since December 2000, when the Moore Strategy gained about 11.7%. That was also around the same time the New York-based hedge fund giant opted to return
$2 billion to investors, trimming assets because of sluggish performance