Louis Bacon's Moore Capital Reduces Mecom Position ~ market folly

Friday, January 21, 2011

Louis Bacon's Moore Capital Reduces Mecom Position

Louis Bacon's global macro hedge fund firm Moore Capital Management recently disclosed an update to their position in Mecom (LON: MEC). Due to trading on January 7th, Moore has reduced its position to 3.55% of shares outstanding. This change was reported in a filing with UK regulators.

This is down from Moore's previous 4.45% stake in the publisher as Moore originally started a new position in MEC back in November of last year.

Per Google Finance, Mecom is "engaged in the operation of content and consumer businesses in Europe. The Company owns over 300 printed titles and over 200 Websites in its four divisions, with operations in the Netherlands, Denmark, Norway and Poland."

You can scroll through all our coverage of hedge fund positions in the UK here.

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