Money mavericks confessions of a hedge fund manager. Apr 20, 2010 the title of the book is a bit sensationalistic not sure what the anonymous hedge fund manager hfm is confessing to, but the book a series of interviews between hfm and the author provides an accessible and lucid view of the 2008 financial crisis from an insiders perspective. Hfm, as gessen calls him, didnt go to business school or major in economics, but has been working successfully in hedge funds for over a decade. Less taxing and more portable is diary of a very bad year. The year was 1995, and together with two partners i oversaw a modest investment management business. Lars kroijer shedding light on the incredible inside working of hedge funds, this book charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a period.
I read this book cover to cover, and enjoyed every bit of it. Kroijer, 38 years old and the author of a book, money mavericks, confessions of a hedge fund manager, has had something of an epiphany about the fees that these lightly regulated investment pools charge. A new edition of this revealing and incisive account of the incredible inside workings of hedge funds. Many books on this topic go into numerous technical details which is not always the most important poin. This book is a series of interviews with an anonymous hedge fund manager, called hfm, during the financial crisis. Lars kroijer is a danish entrepreneur, author, and former hedge fund manager. Its not everyday you get to go behind the scenes in starting up a hedge fund and the fundraising activities involved. Confessions of a hedge fund manager financial times series free download money mavericks pdf ebook. Confessions of a hedge fund manager by lars kroijermobi,epub,pdf nonfiction business, economics 0 if hedge funds were a country, it. This book is a series of interviews with an anonymous hedgefund manager hfm by the coeditor of a literary magazine who admits to being illinformed on finance. We need to fund, we need to leverage this, so how can we leverage this. I particularly liked his quote about pitching to investors at a hedge fund manager conference. He selfreported a 36% return in 2000, at the peak of the dotcom bubble. In his book, harvard mba kroijer describes his experience in leaving a highpaying job in finance when he was barely 30 years old to start his own hedge fund.
An especially funny memory hit me when reading this booki had just started out and while cervino was just a tiny blip in the investment community, i felt like a million bucks. Confessions of a hedge fund manager 2nd edition financial times series kroijer, lars on. Confessions of a hedge fund manager financial times series free today. Confessions of a hedge fund manager 2nd edition financial times series 2 by lars kroijer isbn. Confessions of a hedge fund manager financial times series free audio book. Lars starts off by exposing some of the popular myths in the hedge fund industry, the whole glamorous appeal of it all is nothing more than a gross oversimplification society has placed on it, much like the situation in china. In his book, harvard mba kroijer describes his experience in leaving a high paying job in finance when he was barely 30 years old to start his own hedge fund. Does the electronic version of the book completely replace the paper version. Its written by former hedge fund manager lars kroijer. Lars kroijer got rich charging investors fat fees as a manager of his hedge fund, holte capital.
Money mavericks is a great book for anyone who is thinking to start a hedge fund, and for who is considering to work in the industry and understand which kind of investments and situations hedge funds look for. As manager of his hedge fund, cramer claimed to have realized a rate of return of 24% after all fees for 15 years until he retired from the hedge fund in 2001. This was a year where any trade you had on that other hedge funds had on, that was a popular hedge fund trade, performed poorly because there were other hedge funds that were forced to. Money mavericks confessions of a hedgefund manager book. Confessions of a street addict really brings to light the career of james cramer starting off as a struggling writer to successful hedge fund manager. I liked how cramer didnt focus on just his success. Shedding light on the incredible inside workings of hedge funds, this book charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a period where the industry went from relative obscurity to something everyone wanted to. The book is basically a fortuitous series of interviews with a prominent hedge.
Read the book on paper it is quite a powerful experience. Dec 18, 2008 in a former life, i used to call myself a hedge fund manager, writes eric fry, reporting from laguna beach, california, for the rude awakening. Jun 24, 2010 less taxing and more portable is diary of a very bad year. Shedding light on the incredible inside workings of hedge funds, this book charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a period where the industry went from relative obscurity to something. Hedge fund managers make dozens of calls to brokers each day, trying to get a. A change of heart for a hedge fund manager dealbook. Everyday low prices and free delivery on eligible orders. The title of the book is a bit sensationalistic not sure what the anonymous hedge fund manager hfm is confessing to, but the book a series of interviews between hfm and the author provides an accessible and lucid view of the 2008 financial crisis from an insiders perspective.
Confessions of a hedge fund manager as want to read. Its like the cliff notes of the financial crisis, which is a useful thing to have. His talent seemed under no dispute and his timing was certainly quite good lucky. If you have been searching for an excellent book related to lifestyles of a hedge fund manager or you want to study a book based on true life stories, the confessions of a wall street insider is meant for you.
Kroijer has released two financial books as an author. I was back in the hedgefund game and had just resigned from a position with a large bank where i felt imprisoned. Top 10 best hedge fund books books may seem old school, but still, they serve the purpose of soaking in the most important concepts in any area you want to master. The quintessential reading list for finance students online. Confessions of a hedge fund manager lars kroijer ft publishing international as far as wartsandall accounts of life at the helm of a hedge fund, this is one of the best books on the market. Confessions of an anonymous hedge fund manager, newsweek s david graham spoke to hfm over. Go search hello select your address best sellers gift ideas. A hedgefund manager speaks in diary of a very bad year. During his career, he worked for hbk investments and lazard freres, before cofounding a londonbased hedge fund. Confessions of a hedge fund manager financial times. However, this performance has not been independently verified. Shedding light on the incredible inside workings of hedge funds, this book charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a period where the industry went from relative obscurity to something everyone wanted to discuss. If hedge funds were a country, it would be the eighthbiggest on th.
The hfm offers a brilliant financial professionals view of the economic situation in real time. Confessions of an anonymous hedge fund manager anonymous hedge fund manager. An especially funny memory hit me when reading this book i had just started out and while cervino was just a tiny blip in the investment community, i felt like a million bucks. This book is different because lars kroijer writes about his own life journey of working at an investment firm, eventually. If you want to learn about the hedge fund industry and the people who had a big impact on it, read more money than god by sebastian mallaby.
Lars kroijer 2010 financial times press a new edition is available now. A new book takes the first steps toward putting a human face on the funds. Diary of a very bad year anonymous hedge fund manager. But then these guys were like, you know, there are hedge fund buyers for pools that we put together, and then the hedge fund buyers say, you know what. He is the founder and principal of hayman capital management, l. 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. Mar 06, 2020 shedding light on the incredible inside workings of hedge funds, this book charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a period where the industry went from relative obscurity to something everyone wanted to discuss. The down to earth writing style makes lars book easy to read. Confessions of a hedge fund manager 2nd edition financial times series. 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. Confessions of a hedge fund manager financial times series free, download online money mavericks pdf ebook. In a former life, i used to call myself a hedge fund manager, writes eric fry, reporting from laguna beach, california, for the rude. Confessions of a hedge fund manager financial times series free book.
The interviews started before anybody realized how big of a deal it was going to be, and continue until after the crisis is over. Confessions of a hedge fund manager financial times series pdf, epub, docx and torrent then this site is not for you. If youre looking for a free download links of money mavericks pdf ebook. Shedding light on the incredible inside workings of hedge funds, its a tale of a bubble industry in a bubble town during the bubble years. Nov 08, 2010 lars kroijer got rich charging investors fat fees as a manager of his hedge fund, holte capital. Hedge funder and author and eric falkenstein recently analyzed cramers selfreported returns, as written in his book confessions of a street addict. Gessen refers to him throughout as hfm is a man who ran the emerging markets desk at a respected midtown fund and is not, we are told, like those. It charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a period where the industry went. The hedge fund industry is not known for its modesty, yet this book is not only full. The book is basically a fortuitous series of interviews with a prominent hedge fund manager throughout the ongoing 08 financial crisis.
Diary of a bad year is the view from a man clinging to a palm tree in a hurricane. I was back in the hedge fund game and had just resigned from a position with a large bank where i felt imprisoned. But in his new book, confessions of a wall street insider. Best of all, if after reading an e book, you buy a paper version of diary of a very bad year. The difficulties he encountered seed capital, team, expenses, office space, technology getting investors. The interviewerwho is not anonymousfounded a hoitytoity literary magazine and comes from the therearenodumbquestions school of interviewing, which is a good oh, baby. This book differs from many other hedge fund books due to the fact it is actually enjoyable to read. Kyle bass born september 7, 1969 is an american hedge fund manager. I bought this book because i am an aspiring hedge fund manager myself. In june, my book of interviews about the financial crisis with a hedge fund manager was coming out, and i realized i still knew nothing about the financial crisis. The book tells the story of how a hedge fund was launched, run and eventually folded. It charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a period where the industry went read more. Most books written on the subject of hedge funds are either glorifying their success or criticizing their evil nature of some sort. Confessions of a wall street insider scam or legit.
Jul 27, 2010 really enjoyed reading lars kroijers memoir on running a hedge fund. Holte capital was founded in 2002 and operated until 2008 when capital was returned to investors during the 2008 financial crisis. During his career, he worked for hbk investments and lazard freres, before cofounding a london based hedge fund. Oct 05, 2015 money mavericks pdf ebook confessions of a hedge fund manager financial times series download money mavericks pdf ebook.
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