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(More customer reviews)Lars Kroijer provides the reader with an excellent portal into the mind of a hedge fund manager. Kroijer started his fund, Holte Capital, in the boom years of hedge funds with a few dollars and a lot of ambition. His book tells the tale of all the ups and downs (business-wise, trading-wise, emotionally-wise, partners-wise, etc) he experienced with Holte Capital. There is no shortage of hedge fund manager autobiographies for sale these days, and generally I avoid reading hedge fund manager self-promoting nonsense. However, in the case of Kroijer, an exception must be made. Kroijer is that rare animal who, made clear from his writing, is much too self-reflective and aware of the world around himself, to be comfortable in the hedge fund industry. Kroijer's book tells of the absurdness of the industry and its participants which only a critical outsider would be able to discern; all the while Kroijer is deeply ensconced in the industry trying to make a go of it. This book is not a frat-house tale of lurid sexcapades and drug fueled parties, rather the story is one of the inner workings of a humble self-reflective mind placed in an environment of near-sociopaths and their institutions. Kroijer's book is the one book about hedge funds which I believe is an enjoyable read for the non-hedge fund person. A book which industry outsiders can appreciate, and certainly a book which industry insiders need to read.
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"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 toaddress 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
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