Money Mavericks : Confessions of a Hedge Fund Manager

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  • Edition: 1st
  • Format: Paperback
  • Copyright: 2010-09-14
  • Publisher: FT Press
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Money Mavericks: Confessions of a Hedge Fund Manager charts the founding, seemingly interminable rise and eventual closure of a fund which operated in London during the febrile years of 2002 to 2008. Shedding light on the incredible inside workings of hedge funds, it's a tale of a bubble industry in a bubble town during the bubble years. It tells the story of some very smart people who were trying to do something that was incredibly hard: beat the market. If they failed, the repercussions would be swift and severe. If they succeeded, the rewards would be massive. Having grown from a small and mainly US investment activity to become a global trillion-dollar circus, the hedge fund industry is often unfairly portrayed as a fee-charging gambling den. But forget what you've heard: this is the true story of the life of a hedge fund. 'I was immersed in the hedge fund industry for years and now I want to address the myths and misperceptions that surround the hedge funds. I often feel that my six years of running Holte Capital was one long blur of human drama with triumph and failure following each other in quick and merciless succession. If you have ever been given the impression that the world of hedge funds is driven by meticulously-planned and well-coordinated dark forces, I hope my story will enlighten you.' Lars Kroijer

Author Biography

Lars Kroijer was the CEO of Holte Capital Ltd, a London-based special situations hedge fund which he founded in 2002 before returning external capital in the spring of 2008. Prior to establishing Holte Capital, Mr. Kroijer served in the London office of HBK Investments focusing on special situations investing and event-driven arbitrage. In addition, he previously worked at SC Fundamental, a value-focused hedge fund based in New York, and the investment banking division of Lazard Freres in New York. Mr. Kroijer graduated Magna Cum Laude from Harvard University and received a MBA from Harvard Business School.

Table of Contents

Acknowledgementsp. ix
Introductionp. 1
Getting ready for Holte Capitalp. 5
Becoming a hedgiep. 7
Taking the plungep. 19
Starting a hedge fundp. 29
On the roadp. 43
Limping to launchp. 51
Becoming the real dealp. 61
Mickey Mouse fundp. 63
Breaking throughp. 69
Scaling up and meeting the Godfatherp. 77
The real dealp. 85
Being corporatep. 89
Activist investorp. 97
A day in the lifep. 107
On the front linep. 117
Getting fully examinedp. 119
Blood in the streetsp. 127
Edgep. 131
Made it?p. 137
Friends and competitionp. 145
Making your commissions countp. 149
Are we worth it?p. 157
The fast road downp. 165
Feeling grimp. 167
A bad dayp. 175
A bad runp. 183
Going homep. 189
Rethinking Holte Capitalp. 195
Are hedge funds really safe places for your money?p. 201
Table of Contents provided by Ingram. All Rights Reserved.

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