October 17, 2008
Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say good-bye.
So wrote former hedge fund manager Andrew Lahde as he opened his farewell letter to his investors after hitting the jackpot shorting often talked about but little known financial instruments with acronyms like RMBS, CMBS, ABS, etc the public would later know as “toxic paper”. This wasn’t just any farewell letter though as Ladhe would later make clear as we continue:
So this is it. With all due respect, I am dropping out. Please do not expect any type of reply to emails or voice mails within normal time frames or at all.
So it is clear Andrew is done. He gives us a hint as to his future plans as he closes his letter: Continue reading “Slabbed finds former hedge fund manager Andrew Lahde at a “420 celebration”.”