Hedge fund manager Louis Bacon has promised to donate the largest single conservation easement in U.S. history to form the foundation of the proposed Sangre de Cristo conservation area in Colorado and New Mexico.
Mr. Bacon is the founder of Moore Capital Management LP, New York, which manages about $15 billion in global macro trading strategies.
He also owns the 172,000-acre Trinchera Ranch near Fort Garland, Colo. More than half of the ranch already is protected by a conservation easement, which protects the land from development in perpetuity. Trinchera Ranch encompasses vast stretches of high desert shrublands, mountain grasslands, alpine tundra and forest.
If the U.S. Department of the Interior establishes the new conservation area, Mr. Bacon said in a DOI news release that he will place the 90,000 acres of his ranch that are not now protected into a conservation easement with the U.S. Fish and Wildlife Service. That would effectively protect all of Trinchera Ranch from development.
“Thanks to Louis Bacon's deep commitment to conservation, we now will be able to preserve a diverse mosaic of public and private lands, creating a landscape corridor for fish and wildlife unlike any (other) place in America,” said Kenneth L. Salazar, U.S. secretary of the interior, in the news release.