
Made it?
You are like a real fund now
By 2006 Holte Capital’s assets under management had been fairly
constant for a couple of years. After we reached $100 million in
autumn 2003 we had quickly taken on more money and moved to
about $300 million, but after that our growth stagnated. Without
meaning to, we had created a return profile stable enough that few
investors ran for the hills, but too boring for hundreds of people to
beat down the door to invest. This plateau of assets fell short of
reaching the multiple-billion-dollar mega-fund territory, but Holte was
still a highly profitable medium-sized ...