
Introduction
This is the story of the life of a hedge fund. I started Holte Capital in
2002 and returned all the external capital to the remaining investors in
February 2008. Those six years tested my sanity and resilience to their
limits. In this book I want to explain what it was like to run a hedge
fund during a period when the industry went from relative obscurity to
something everyone’s aunt or uncle would discuss.
When I set out to write this book it was mainly because I felt
the inner workings of the hedge funds were poorly understood by
outsiders. Having grown from a small and mainly US investment
act ...