Inside a hedge fund disaster
Behind the Money
The Rise and Fall of Auk Ziff: From Success to Scandal
This chapter discusses the journey of hedge fund Auk Ziff and its founder, Dan Auk, from their initial success to the scandal that resulted in a decline in share price. It explores the risks associated with relying on a small group of talented individuals and the significance of shares in growing a hedge fund business. The chapter also delves into the strained mentor-protege relationship between Auk and Jimmy Levin, the subsequent rebranding efforts, and the eventual sale of the fund.
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