Say what you will about Andrew Lahde, but the man knows how to write a letter.

Last month, the famed-for-betting-against-subprime hedge fund manager shuttered his operations, citing unacceptable levels of counterparty risk. More…

Just give up.

Andrew Lahde (he of the 1000 per cent returns) has.

He’s shutting down his Short Credit fund in the name of preserving profit. From the FT:

The Short Credit fund being closed was set up last December to bet mainly against the credit quality of banks and broker/dealers, More…