Former Lahde Team Joins Forces With Green Hedge Fund

Jan 13 2009 | 9:42am ET

Former Lahde Capital COO Andy Springer and his operations team have joined forces with portfolio manager Pamela Schwab to run Resolve Capital, a cleantech hedge fund.

Lahde Capital is winding down after their funds after gaining an astronomical 1000% last year betting on residential and commercial mortgages. The firm’s founder, Andrew Lahde, in October announced that he was winding down his funds in a letter to investors in which he blasted the hedge fund industry’s “idiots whose parents paid for prep school, Yale, and then the Harvard MBA.” 

Resolve Capital capital’s mandate is “to earn substantial returns for our clients by investing globally in businesses that provide solutions to environmental, social, health and economic problems,” according to Springer.

The sustainability fund was recently opened to outside investors after managing proprietary capital for the past three years.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?