Redleaf: Post-2008, Whitebox cut fees by $30M while financing costs rose $30M
Andy Redleaf · Andy Redleaf - Evolution of Markets (Capital Allocators, EP.46) · Apr 2, 2018 · at 57:07
Andy Redleaf, founder of Whitebox Advisors, explains how post-2008 market shifts transferred hedge fund profits directly to primary dealer banks like JPMorgan.
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“In the immediate aftermath of the crisis, you know, white box, we lowered our fees by about thirty million dollars a year. And our financing costs went up by about thirty million dollars a year.”
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