Moore Capital’s Barna Fired Following Hamptons Party Gone Awryby
Moore Capital Management, the $15 billion hedge fund run by billionaire Louis Bacon, fired portfolio manager Brett Barna after reports about a party he hosted in the Hamptons in Long Island over the weekend.
“Mr. Barna’s personal judgment was inconsistent with the firm’s values," the firm said in an e-mailed statement. “He is no longer employed by Moore Capital Management.”
The New York Post reported on Wednesday that Barna hosted a pool-party fundraiser for an animal rescue charity at a rented $20 million mansion in Bridgehampton on Sunday. Barna had said there would be 50 guests, but 1,000 showed up, the newspaper said, citing the owner, who asked not to be identified. They drank excessively, damaged furniture and stole art work, the owner told the Post.
Barna didn’t respond to phone calls or e-mailed requests for comment. He’d been with the New York-based firm for more than six years.