Louis M Bacon: Throw in the towel?

The crisis in the eurozone has wrong-footed legendary investor Louise M Bacon. But he's not done yet.

One of America's top hedge-fund managers has returned money to investors. Since Louis M Bacon founded Moore Capital Management in 1989, his record has seen him linked to famous names such as George Soros. But in the last few years Bacon has struggled, something he blames on European politicians.

"The political involvement is so extreme we have not seen this since the postwar era. What they are doing is trying to thwart natural market outcomes," says Bacon in The New York Times. "It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets."

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