The New York Post reports:
A battle over beachfront property in the Bahamas is heating up — and this time it’s billionaire hedge fund mogul Louis Bacon who is getting sand kicked in his face.
Bacon, caught in a nasty spat with Canadian clothing magnate Peter Nygard, his neighbor in a tony Bahamas neighborhood, told an employee to find a way to burn down Nygard’s house, according to explosive court papers filed in a Los Angeles courthouse.
The founder of New York hedge fund Moore Capital Management was moved to torch the extravagant estate five years ago after Nygard refused to sell him the prized parcel, court papers allege.
In a fit of pique, Bacon ordered an employee to “find a way to burn Mr. Nygard’s ‘****ing house’ down,” according to the lawsuit, which cites a conversation between employees of the two testy tycoons.
There's more:
Bacon also says Nygard used his private jet to fly Nation of Islam leader Louis Farrakhan to the Bahamas, where he spoke at a rally denouncing Bacon as a racist.
The great moments of hedge fund world.
