Monday, October 20, 2008
Hedge Fund Manager: Goodbye
"Andrew Lahde, manager of a small California hedge fund, Lahde Capital, burst into the spotlight last year after his one-year-old fund returned 866 percent betting against the subprime collapse.
Last month, he did the unthinkable -- he shut things down, claiming dealing with his bank counterparties had become too risky. Today, Lahde passed along his 'goodbye' letter, a rollicking missive on everything from greed to economic philosophy. Enjoy."
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