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Description of Money Mavericks

I read this book cover to cover, and enjoyed every bit of it. The hedge fund industry is not known for its modesty, yet this book is not only full of fascinating information but is refreshing in this respect as well. Andrei Shleifer, Professor of Economics, Harvard University Without sensationalising, Lars tells it like it is a no-holds-barred, warts-and-all account of what it's like to try and set and run a hedge fund. Neil Wilson, editor, Eurohedge A compelling and demystifying chronicle of hedge funds, and of hedge fund managers. Lars' experience is by no means novel in the industry, but his perspective most certainly is. Drew Dickson, Managing Partner, Dickson Capital Management "In a world where few understand their complexities, Money Mavericks provides a compelling and accurate insight into the secretive workings of a hedge fund." Tets Ishikawa, author of "How I Caused the Credit Crunch Some call them grotesque', others as absolutely crazy bodies', and still more refer to them as hellish': hedge fund managers are stealthy, wealthy and tend to avoid the spotlight. But is this fair?
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

Title Information

ISBN:

9780273731986

Pages:

224 pages

Format:

Paperback

Product Code:

469773

Publisher:

Pearson Education Limited

Published:

27/07/2010

Edition:

1st Edition

Press and Industry Reviews

"I read this book cover to cover, and enjoyed every bit of it. The hedge fund industry is not known for its modesty, yet this book is not only full of fascinating information but is refreshing in this respect as well."
- Andrei Shleifer, Professor of Economics, Harvard University

"Without sensationalising, Lars tells it like it is - a no-holds-barred, warts-and-all account of what it's like to try and set and run a hedge fund."
- Neil Wilson, editor, Eurohedge

"A compelling and demystifying chronicle of hedge funds, and of hedge fund managers. Lars' experience is by no means novel in the industry, but his perspective most certainly is."
- Drew Dickson, Managing Partner, Dickson Capital Management

"In a world where few understand their complexities, Money Mavericks provides a compelling and accurate insight into the secretive workings of a hedge fund."
- Tets Ishikawa, author of "How I Caused the Credit Crunch"

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About Lars Kroijer

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.

Contents of Money Mavericks

Preface: The life of a Hedge Fund
Introduction: Good luck Lawrence

Part I: Getting Ready for Holte Capital
1: Becoming a Hedgie
2: Taking the Jump
3: Starting a Hedge Fund
4: On the Road
5: Limping to Launch

Part II: Becoming the Real Deal
6: Mickey Mouse Fund
7: Breaking Through
8: Scaling up and Meeting the Godfather
9: The Real Deal
10: Being Corporate
11: Activist Investor
12: What we do

Part III: On the Front Line
13: Getting Fully Examined
14: Blood in the Streets
15: Edge
16: Made it?
17: Friends and Competition
18: Making your Commissions Count
19: Are we Worth It?

Part IV: The Fast Road Down
20: Feeling Grim
21: A Bad Day
22: A Bad Run
23: Going Home

Afterthought: Rethinking Holte Capital