Whitebox's man of letters

Wed Dec 5, 2007


A man who makes bold predictions may not be seeking the spotlight. But it's bound to find him when he manages loads of money - and happens to be right more often than wrong


Andy Redleaf's global vision is provocative - and profitable

By Carolyn Sargent

A man who makes bold predictions may not be seeking the spotlight. But it's bound to find him when he manages loads of money - and happens to be right more often than wrong.

For Andy Redleaf, founder of $3.6 billion Whitebox Advisors, the attention these days is nothing short of glowing. A onetime options trader with a penchant for writing longish, philosophical essays on changes in market dynamics, Redleaf can rightfully claim to have predicted this summer's structured finance meltdown, even before he penned his thoughts in a December 2006 letter to investors.

And his performance has been enviable. According to investors, three of the firm's six funds had netted 25% or more through October this year, in part by implementing Redleaf's short credit thesis. (One of those funds, Whitebox Intermarket, won a 2007 Absolute Return Award for...

ISSN: 2151-1845 / CDC10004H

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