Goodbye letter of the year
Oct. 19th, 2008 02:14 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
lprovenAndrew Lahde: Goodbye!
Now, this is how you close a fund!
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% betting on the subprime collapse. Last month, he took his ball and went home. Tired of the stress, he closed the fund.
Today, Lahde passed along his "goodbye" letter (via FT Alphaville and Portfolio.com), a snarky "Up Yours" to those who do deserve it.
