Andrew Lahde

19 Oct

Lahde Quits Hedge Funds, Thanks `Idiots' for Success

Posted by cahn in AIG, America, American International Group, Inc., Andrew Lahde, Bear Stearns, California, Congress, Credit Crisis, Dalton Investments LLC, energy, Finance, finance, food, George Soros, Hank Paulson, Harvard, Hedge Fund, Katherine Burton, kburton@bloomberg.net, Lahde Capital Management LLC, Lehman Brothers, Lehman Brothers Holdings Inc., Los Angeles, Michigan State University, New York, petroleum products, Santa Monica, The Bear Stearns Companies Inc., University of California, Los Angeles, US, USD, Yale

By Katherine Burton

Oct. 17 (Bloomberg) -- Andrew Lahde, the hedge-fund manager who quit after posting an 870 percent gain last year, said farewell to clients in a letter that thanks stupid traders for making him rich and ends with a plea to legalize marijuana.