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 UK/Europe的朋友看过来：这个纽约的Hedge Fund 大亨 和would-be UK employee的对话 |
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shanice
头衔: 海归上校
加入时间: 2004/04/18
文章: 579
海归分: 73378
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作者：shanice 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
Wow, 文化差异真是大，纽约和伦敦已经是culture 最相近的了，换了中国不知道该怎样 
Daniel Loeb, the famously outspoken hedge-fund manager, will soon have something new to brag about. The New York Observer reports that Mr. Loeb is gearing up to move to a $45 million penthouse he is buying on New York’s Central Park West. When the deal closes, it will rank as the highest-priced sale of a single residence in the city, eclipsing Rupert Murdoch’s record-setting $44 million purchase on Fifth Avenue in 2004.
But Mr. Loeb, who runs Third Point, may not be boasting about the sale of his old place. After marketing the property — a West Village townhouse he bought six months ago for $11.2 million and proceeded to renovate — for $18.95 million, he was able to get only $12 million in a sale, the newspaper reported, citing real estate records. That is hardly the kind of double-digit return that a hedge fund chieftan would hope for.
Mr. Loeb has gained notoriety for the caustic letters he dashes off to executives of the companies his fund invests in. Last year, an e-mail exchange he had with a would-be Third Point employee in the United Kingdom made the rounds on the Internet. In it, Mr. Loeb ends up accusing the man, and Europeans in general, of preferring “to knock back a pint at the pub and go shooting on weekends rather than work hard.”
April 14, 2005
The Collected Works of Daniel Loeb, Part I
This week's New Yorker has a breezy piece about the populist approach of Daniel Loeb, a hedge fund manager at Third Point LLC. Mr. Loeb is fond of writing Mencken-esque screeds to CEOs and others who are depressing his fund's alpha.
The following exchange is mentioned but not reprinted in the New Yorker piece, but it was emailed around quite widely. It isn't a typical Loeb-ian bit of writing, but it is a wildly entertaining email exchange between Loeb and a would-be Third Point hedge fund employee from the U.K. -- one that goes, well, slightly off-kilter:
From: Alan Lewis
To: Daniel Loeb
March 22, 2005
Daniel, thanks for calling earlier today. Enclosed is my CV for your review. I look forward to following up with you when you have more time.
Best regards, Alan.
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From: Daniel Loeb
To: Alan Lewis
March 28, 2005
What are your three best current European ideas?
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From: Alan Lewis
To: Daniel Loeb
March 28, 2005
Daniel, I am sorry but it does not interest me to move forward in this way.
If you wish to have a proper discussion about what you are looking to accomplish in Europe, and see how I might fit in, fine. Lesson One of dealing in Europe: Business is not conducted in the same informal manner as in the U.S.
Best regards, Alan.
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From: Daniel Loeb
To: Alan Lewis
March 28, 2005
One idea would suffice.
We are an aggressive, performance-oriented fund looking for bloodthirsty competitive individuals, who show initiative and drive, to make outstanding investments.
This is why I have built Third Point into a $3bn (£1.6bn) fund with average net returns of 30% over 10 years. We find most Brits are a bit set in their ways and prefer to knock back a pint at the pub and go shooting on weekends rather than work hard. Lifestyle choices are important, and knowing one's limitations with respect to dealing in a competitive environment is too. That is Lesson One at my shop. It is good that we learned about this incompatibility early in the process, and I wish you all the best in your career in traditional fund management.
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From: Alan Lewis
To: Daniel Loeb
March 28, 2005
Daniel, I guess your reputation is proved correct. I have not been in traditional fund management for more than 11 years. I did not achieve the success I have by knocking back a pint, as you say. I am aggressive, and I do love this business.
I am half-American and half-French, and having spent more than half my life on this side of the pond I think I know a little something about how one conducts business in the U.K. and Europe.
There are many opportunities in the U.K. and Europe, shareholder regard is only beginning to be accepted and understood. However, if you come here and handle it in the same brash way you have in the U.S., I guarantee you will fail. Things are done differently here. Yes, place in society still matters, where one went to school etc. It will take tact and patience (traits you obviously do not have) to succeed in this arena. Good luck! Alan.
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From: Daniel Loeb
To: Alan Lewis
March 28, 2005
Well, you will have plenty of time to discuss your "place in society" with the other fellows at the club. I love the idea of a French/English unemployed guy, whose fund just blew up, telling me that I am going to fail.
At Third Point, like the financial markets in general, "one's place in society" does not matter at all. We are a bunch of scrappy guys from diverse backgrounds (Jewish, Muslim, Hindu etc.) who enjoy outwitting pompous asses, like yourself, in financial markets globally.
Your "inexplicable insouciance" and disrespect is fascinating; it must be a French/English aristocratic thing. I will be following your "career" with great interest.
I have copied Patrick so that he can introduce you to people who might be a better fit. There must be an insurance company or mutual fund out there for you. Dan Loeb.
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From: Alan Lewis
To: Daniel Loeb
March 28, 2005
Hubris.
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From: Daniel Loeb
To: Alan Lewis
March 28, 2005
Laziness.
作者：shanice 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 UK/Europe的朋友看过来：这个纽约的Hedge Fund 大亨 和would-be UK employee的对话 -- shanice - (5658 Byte) 2006-6-19 周一, 22:51 (1417 reads)
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