Andrew Lahde is the hedge fund manager who capitalized on markets by betting against subprime mortgages. Lahde closed his fund (Lahde Capital) after only one year with 866% growth.
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
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 Street Journal, a hedge fund manager who was also closing up shop (a $300 million fund), was quoted as saying, "What I have learned about the hedge... 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
Wikizines are interactive magazines that anyone can create or edit - and this one is called "Andrew Lahde". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article... Read Full Story
Once upon a time Andrew Lahde was a hedge fund whiz kid famous for turning the subprime housing crisis into 1000 gains for his investors. Last week he confirmed everyones fear of a rapidly approaching Hedge Fund Apocalypse or specieswide bankruptcy of the soul, at least by sending out the most glorious 2AM breakup letter ... 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
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
The link below is a letter from hedge fund manager Andrew Lahde shutting down his fund. It got quite a lot of attention on the internet and in blogs for his candid assessment of the state of US banking. You may well wonder what the hell this has to do with Green issues.
In his final paragraph he rather interestingly calls for the legalisation of Hemp and calls for us all to start thinking about how we can be self sufficient.
It’s a little hard to take given that this chap resigns with... 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
From Spain's Princess Letizia to Italy's Mara Carfagna, the game of politics is no stranger to beautiful, powerful women. Following is a list of women whose influence is matched only by their sheer hotness.
We've rounded up the fifty most infamous female teacher sex scandals the Internet has seen, and ranked them from most famous to least. We do it because we care.
