AP Louis Bacon is backing protégé Greg Coffey's new hedge fund, according to The Financial Times. Bacon, the founder of Moore Capital, once described Coffey as "the most impressive trader I've ever seen." Billionaire Louis Bacon is reportedly backing Greg Coffey's new hedge fund launch. Bacon, the founder of Moore Capital, once described Coffey as "the most impressive trader I've ever seen," according to a Financial News report from 2012.