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Money Mavericks, 2nd Edition
book

Money Mavericks, 2nd Edition

by Lars Kroijer
September 2012
Intermediate to advanced content levelIntermediate to advanced
248 pages
11h 17m
English
FT Publishing International
Content preview from Money Mavericks, 2nd Edition
Friends and competition
Old-man talk and gossip
In 2006 at the age of 34 I had been in hedge funds for almost a
decade and run my own firm for half that time. I was still too young
to be a veteran, but because of all the new arrivals from the industry’s
explosive growth I felt like an old-timer. I found myself making ‘old-
man comments’ like ‘Back in 1999 the merger arbitrage spreads were
so wide you could drive a truck through them’ (i.e. the spread between
the eventual consideration received in a merger or takeover and the
current price of a stock was very large), and generally made remarks
to the effect that all these new people ...
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Publisher Resources

ISBN: 9780273772507