Andrew Lahde

The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged “idiots” and thanking “stupid” traders for making him rich. Andrew Lahde’s $80m Los Angeles-based firm Lahde Capital Management in Los Angeles made a huge return last year by betting against subprime mortgages. The 37-year-old told his clients that he had hated the business and had only been in it for the money. And after declaring he would no longer... Read Full Story

You probably never heard of Santa Monica-based hedge fund manager Andrew Lahde, unless you were one of his clients (or victims). I never had, but last year one of his investment portfolios was up 870% . Yesterday’s L.A. Times carried the story of “>his parting shot to the investment world, “>his parting shot to the investment world, a letter he wrote to friends and foes. And while he doesn’t exactly come off as a sympathetic character, there’s plenty of Truth in his rant– even beyond his... Read Full Story

Did political corruption lead to our current economic problems? Is our very own “democratic” government to blame for the loss of American free market capitalism as we have known it? Read about the inner workings of Mammon’s Kingdom from a hedge fund industry insider. In the eyes of the world Andrew Lahde was a success. He was the manager of Lahde Capital, a hedge fund in California. Last year his company returned 866 percent returns betting against the subprime lenders. He was the new... Read Full Story

Did political corruption lead to our current economic problems? Is our very own “democratic” government to blame for the loss of American free market capitalism as we have known it? Read about the inner workings of Mammon’s Kingdom from a hedge fund industry insider. In the eyes of the world Andrew Lahde was a success. He was the manager of Lahde Capital, a hedge fund in California. Last year his company returned 866 percent returns betting against the subprime lenders. He was the new... Read Full Story

Andrew Lahde the 37y.o. manager of a small California hedge fund, Lahde Capital, made a killing last year betting on the subprime collapse. Last month, he called it quits after the fund had amassed a whopping return of 866% in a little over a year. Tired of the stress, he closed the fund. On October 17th, Lahde passed along his “goodbye” letter, a biting “F-you” message to the financial establishment, hedge funds, government and privileged “prep” school kids. It’s really entertaining... Read Full Story

Introduction This is a letter written by Andrew Lahde, hedge fund manager, quit his job after returning 866% on the investment betting against the subprime collapse. In other words, this guy made money betting that the housing market would collapse. As we all know, it collapsed in magnificent fashion. He's rich.. very rich. Why is he my hero? He's my hero because he points out some of the problems with this twisted society as a whole. Blind trust in "Ivy League" educations versus Competence... Read Full Story

A hedge fund manager who made 866% last year betting against real estate goes out with a bang.... The letter from Andrew Lahde of Lahde Capital. Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say goodbye. Recently, on the front page of Section C of the Wall... Read Full Story

Hedge Fund Manager Andrew Lahde, who quit after making spectacular gains of 870% last year betting on the downside of sub prime wrote this letter to clients now making the rounds in the media. "Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding . Instead, I am writing to say goodbye... Read Full Story

First, Kerkorian (Tracinda Inc., corporate raider) is selling Ford stock. Tracinda Inc. owns about a 6% stake of Ford. The nonagenarian (he is 91) bought around 8.5 and Ford is now around 2.3/share. The important thing about reading between lines is that he is forced to sell because he is getting a margin call. That means that he bought Ford shares using a margin loan and since Ford has gone down he has to put more money on the trade to pay the loan. He has been using his MGM stake to pay the... Read Full Story

For once I see a Executive (Hedge fund manager)That has the good sense to quit while he's ahead. From the Scorched Earth Files: 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... Read Full Story