The Gods of Greenwich

The Gods of Greenwich

4.1 8
by Norb Vonnegut, Robert Fass
     
 

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Norb Vonnegut's thrilling follow-up to Top Producer centers around the collapse of a hedge fund in Connecticut and a villain ripped right from today's financial headlines.See more details below

Overview

Norb Vonnegut's thrilling follow-up to Top Producer centers around the collapse of a hedge fund in Connecticut and a villain ripped right from today's financial headlines.

Editorial Reviews

From the Publisher
"The Gods of Greenwich is a pure delight, racing relentlessly from the bedrooms of Manhattan to the boardrooms of Connecticut to the banks of Iceland. Bravo!" —Jeffrey Deaver, author of Edge
Publishers Weekly
Vonnegut follows his debut, Top Producer, with another invigorating dip into the shark pool of Wall Street's hedge fund industry. In late 2007, Jimmy Cusack, a cagey but honest money manager, finds himself in trouble after his hedge fund collapses thanks to the pullout of his biggest investor. Burdened by a huge mortgage and pressing financial obligations to his family, Cusack goes against his better judgment and takes a job with Leeser Capital, run by the shady Cy Leeser, whose investment strategies have always been far from transparent. Cusack's misgivings grow as losses begin inexplicably mounting at Leeser amid rumors about the company's involvement in an Icelandic bank and a hedge strategy based on life insurance claims. Vonnegut, a financial professional himself, not only gets the language and tone of Wall Street right but has an instinctive feel for dialogue and action. Especially enjoyable is the rip-roaring finale at the Bronx Zoo. Author tour. (Apr.)

Product Details

ISBN-13:
9781452600437
Publisher:
Tantor Media, Inc.
Publication date:
04/26/2011
Edition description:
Unabridged CD
Product dimensions:
6.50(w) x 5.50(h) x 1.10(d)

Read an Excerpt

CHAPTER ONE

DECEMBER 11, 2007

 

“I want my money.”

Jimmy Cusack gazed out the window of his office in the Empire State Building. Most days he savored the southern view of downtown Manhattan. To the east was Goldman Sachs, its Broad Street headquarters an impregnable fortress in the world of finance. To the west was Lady Liberty, her harbor a vast cluster of skyscrapers rising from the sea. New York was a city that attracted great fortunes—and epic brawls to manage them.

There were times inside his hedge fund when Cusack could taste the adrenaline. He reveled in the rush of competitors waging war from their granite towers, new-age monuments that celebrated the triumph of capital. There were no cease-fires sixty-one floors below. The struggle to win clients never stopped, and the ethos was “Kill or be killed” among soldiers suited in the battle rattle of Armani pinstripes and Gucci loafers.

Today was no ordinary day. Those four words, “I want my money,” haunted Cusack’s thoughts. Gone was the crooked smile. The creases around his lips, sometimes mistaken for a good-natured smirk, had long since vanished. His eyes a bitter blue, Cusack’s face resembled the dark clouds outside his bluff of sixty-one stories.

The ambush was cold and ruthless. “Here’s how it is,” the lead investor said. “Tomorrow morning, James, you’ll get a FedEx. Not the afternoon delivery, but the one at ten. Inside are eight redemption notices. Each one is signed and notarized, ready to go. I want my money. So do my friends who invested in your fund.”

“Who else wants out, Caleb?”

“Everybody I put in.”

“Not Whitney,” insisted Cusack.

“Yes.”

“What about Gould?”

“Everybody,” Caleb repeated. “By my calculations, our stake totals one hundred and twenty million dollars.”

“You agreed to a lockup,” argued Cusack. “We’re talking eighty-five percent of what I manage and—”

“My lawyers say your documents are a joke.”

“You talked to Ropes and Gray?”

“What difference does it make? Just get us our money, James.”

“That the way it is?” Cusack sounded hard, but he was wobbling inside.

“My hands are tied.”

“Yeah. To an ax.”

“I may run for governor,” said Caleb. “I can’t ask my buddies for contributions, not when they’re losing their shirts at Petri Dish Capital or whatever the hell they call your hedge fund.”

“And you think pulling your money is smart in this market?”

“Not open for discussion.”

Nearly six hours had passed since then. The markets were closed. The sun was setting. And Cusack racked his brain for a Hail Mary solution, a glimmer of hope, anything to save his business from redemptions that would leave him with less than $20 million to manage.

It could take years to replace $120 million from Caleb and his fellow deserters. Until then, revenues from the remaining $20 million would not pay the light bill. Cusack had no cash left to fund operations. He had gone “all in,” Texas Hold ’Em style, every chip in the pot.

With the grim reality of Caleb’s words unfolding, Cusack lacked his characteristic focus. His thoughts drifted from New York’s office towers to the “Irish battleships” of his youth, the three-family homes of Somerville, Massachusetts.

Jimmy had always been the scrappy kid with promise. Long ago he traded membership in Somerville’s blue-collar CIA—Catholic, Irish, alcoholic—for a career on Wall Street. He was thirty-two and Ivy educated, a graduate of Columbia and Wharton. His pedigree included a one-year Rotary Fellowship in Japan and five years at Goldman Sachs. He was his family’s hope for the future, the son, the entrepreneur his parents had backed.

Those were yesterday’s dreams. Cusack’s money-management business was going down. It was taking on water through a Titanic-sized hole in the hull, the lead investor’s words tearing at him still. “Nothing personal, mind you.”

Caleb, you made it personal.

“And we expect you for Christmas dinner, James.”

 

Copyright © 2011 by Norb Vonnegut

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