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Trust Fund

Trust Fund

4.4 11
by Stephen Frey

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From the New York Times bestselling author of The Takeover and The Insider comes a riveting new novel pitting brother against brother and putting personal honor to the ultimate test--in the world of high finance and boundless ambition among power brokers from Wall Street to Washington.

A scion of wealth and privilege, Bo Hancock is the youngest son of


From the New York Times bestselling author of The Takeover and The Insider comes a riveting new novel pitting brother against brother and putting personal honor to the ultimate test--in the world of high finance and boundless ambition among power brokers from Wall Street to Washington.

A scion of wealth and privilege, Bo Hancock is the youngest son of Connecticut's most influential clan--and the financial genius at Warfield Capital, the multibillion dollar investment firm at the heart of the family dynasty. He is also stranded in the shadow of his charismatic brothers, Teddy and Paul, and starved for the approval of their domineering father. While his brothers enjoy the spotlight, Bo can be counted on to "clean up" when anything threatens to tarnish the sterling Hancock name.

Sixteen years ago, Bo covered up a monstrous crime involving Paul and a call girl. Now Paul is on the fast track to the White House--and Bo has become a liability, thanks to his weakness for alcohol and for women other than his wife. Stripped of his position and exiled to the backwoods of Montana--away from temptation and the public eye--Bo thinks his life has hit rock bottom.

But a deathbed reconciliation with his father brings him home and reinstalls him at Warfield Capital, sparking a rapid-fire chain of events that could destroy the family and its vast fortune. First Warfield is left vulnerable to every Wall Street shark out to make a killing. Then a sudden rash of real killings forces Bo to confront the specter of a sinister conspiracy--and brings him face to face with one shocking truth after another, shattering the world and the family he thought he knew . . . leaving him utterly alone and running for his life.

Trust Fund moves at hyperspeed from the canyons of Wall Street to the corridors of Congress to private sanctums of inherited wealth and power. It is the tale of a great American political and financial dynasty wrenched apart by its own fierce ambition--and by one son's determination to forge his own destiny on his own terms.

Editorial Reviews

The Barnes & Noble Review
Returning to the fore after last year's acclaimed bestseller The Insider,, author Stephen Frey gives us his latest thriller set in the world of high finance. Trust Fund, rightfully subtitled "A Novel of Money and Power," centers on a Kennedy-like dynasty awash with politics, affluence, and tragedy.

Much like Joe Kennedy Sr., Jimmy Lee Hancock is the ruling patriarch of the wealthy Hancock family and the controlling force behind his five children. The oldest, Paul, has aspirations to become president of the United States, and Jimmy Lee uses his vast fortune to destroy all of Paul's political opposition. Younger son Bo is a brilliant financier and heads the Hancocks' investment fund, Warfield Capital, elevating it one of the most powerful firms on Wall Street. But there are secrets in the Hancock family that begin to drive a wedge between the siblings. Bo's suspected womanizing and battle with the bottle make him a potential black mark on Paul's campaign for the White House, and without warning or discussion Jimmy Lee banishes him to Montana.

Warfield Capital is handed over to the conniving Frank Ramsey. Jimmy Lee has a heart attack, and Bo is contacted by a Warfield administrator saying that Ramsey is using the family money in all kinds of illegal deals. Bo returns in an effort to regain his status, not only at Warfield but also within his own family. But the battle is a much larger one than he originally believed, as Bo soon learns of a government conspiracy bent on taking over what he has built. A number of murders follow as Bo is forced to confront past skeletons and struggle not only with outside adversaries but also with his own kin.

The scenes in which assassins are turned loose to clean up all the troublesome family threads are genuinely disturbing. Stephen Frey is able to squeeze out vast amounts of anxiety as unknown, unseen attackers use money, influence, and violence to destroy any resistance. The conspiracies that abound in Trust Fund add another level of irony to the title, as battle lines are drawn and household skirmishes turn into life-and-death scenarios. Frey, who's also a financier for a private equity firm, uses his unique understanding of economics to drive the crafty twists of the narrative. The Insider brought Stephen Frey to the highest ranks as a suspense author, and Trust Fund will solidify his position at the top.

--Tom Piccirilli

Tom Piccirilli is the author of eight novels, including Hexes and Shards, and his Felicity Grove mystery series, consisting of The Dead Past and Sorrow's Crown. He has sold more than 100 stories to the anthologies Future Crimes, Bad News, The Conspiracy Files, and Best of the American West II. An omnibus collection of 40 stories titled Deep into That Darkness Peering is also available. Tom divides his time between New York City and Estes Park, Colorado.

Publishers Weekly - Publisher's Weekly
Family political aspirations lead to corporate collusion with a rogue cadre of U.S. congressional and intelligence agents bent on co-opting the resources of the Internet and the military industrial complex in this high-octane conspiracy thriller. Jimmy Lee Hancock, the Joe Kennedyesque patriarchal head of a massive family-owned hedge fund, Warfield Capital, secretly approves the diversion of $2 billion to the cadre in exchange for evidence smearing his son Paul's presidential primary opponents. Youngest son Bo has brilliantly maneuvered Warfield Capital to the top of the Wall Street heap, but eldest son Teddy gets all the credit. When Bo makes millions for the firm on the gold market, he and his wife, Meg, find themselves inexplicably exiled to Montana by Jimmy Lee, ostensibly because Bo's drinking and potential womanizing might ruffle Paul's campaign. Frank Ramsey, a man Bo distrusts, replaces Bo as COO, becoming the first family outsider to wield company power. When a Warfield exec dies soon after alerting Bo to a shady money deal, and Hancock senior has a heart attack, Bo races back to Manhattan just in time to be told a devastating family secret. A showdown with Ramsey sparks a hardball attack by the secret cadre, and the bodies start piling up as Bo battles enemies inside and outside the family. Bo's ultimate weapon is his knowledge of finance, and real-life financier Frey (The Insider, etc.) cleverly incorporates the workings of Wall Street, global economics and the wired world into his melodramatic plot. The reader always learns something new about finance from Frey's suspenseful outings. (Jan 2.) Forecast: Any novel by the author of The Insider is going to get attention (a sample chapter of Trust Fund will be included in the mass market edition of The Insider, also due out in January), and bookstore and author media appearances in D.C. and New York will give this title an extra boost. This book should chart well. Copyright 2000 Cahners Business Information.
Kirkus Reviews
A moneyed, dysfunctional, power-mad American family is pitted against an even direr plot to peek into the darkest recesses of every American closet. Apart from patriarchal Jimmy Lee Hancock, the head of the family is Connecticut governor and presidential hopeful Paul Hancock. Not far behind is his brother Teddy, CEO of Warfield Capital, the family's investment fund. But the real brains and guts are supplied by their hard-drinking brother Bolling, who's had Paul's number ever since he buried a dead prostitute for him years ago, and knows Teddy would run Warfield into the ground if Bo ever took his hand off the tiller. With a crew of siblings like this—there's also a pair of ill-assorted sisters—you can expect some pleasantly shivery bumps along the road to megabucks and the White House, and for a while Frey (The Insider, 1999, etc.) canters along nonchalantly as if he were rewriting the Kennedy saga in the manner of the late Mario Puzo, right down to the dialogue. ("Am I worthy of your love?" Bo wonders of his loyal, beloved, barely-there wife Meg.) At length, though, he reveals a deep-dyed snake—a monstrous, murderous covert intelligence-gathering operation (think Big, Big Brother) code-named RANSACK—that's made its way into the Hancock bosom, setting brother against brother and leaving a trail of professionally dispatched corpses in its wake. Can Bo, first branded a black sheep and banished to Montana, then finding his poisoned friends-and-relations closing ranks against him on his return, save the Hancocks and the nation from a fate they richly deserve? The pasteboard characters don't torpedo Frey's labyrinthine plot, but theclunkywriting does.Better wait for the inevitable TV movie, where you can enjoy the spectacle of up-and-coming performers trying to sell zingers like"He fools everyone with his charm, but he's evil."

From the Publisher
?Chicago Tribune

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Read an Excerpt

"Give me more," the young woman murmured.

Bo Hancock smiled in his measured way, the hint of emo-tion
veiled by midnight. He was enjoying the multitude of bright
stars filling a moonless sky, the scent of Melissa's perfume blend-ing
with the sweet smells of spring, and the absolute serenity of
this place he dearly loved. They might have been the only two
people on earth, but that was the estate's charm. It made him
feel safe.

Bo had grown up here, exploring every corner of the es-tate's
vast forest as a child. He knew it better than anyone. He'd
played touch football on the great lawn in front of the playhouse
with his father, brothers, uncles, and cousins before Thanksgiving
dinner each year, the soft grass blanketed thinly by snow some
Novembers, bathed in warm sunshine others. He'd canoed and
swum in the cold, clear lake in summer and played hockey on its
ice in winter. And he had experienced his first kiss beside the lake
at fifteen, hidden with the girl in a grove of sweet-smelling cedar

"What do you mean, Melissa?" Bo asked, his gravelly voice
made even rougher by his fondness for alcohol and tobacco. "Give
you more what?" He knew exactly what she meant.

The young woman brushed against him as they stood on the
smooth granite of the mansion's back veranda. "More of your
words-to-live-by," she answered, mesmerized by his voice. It was
gruff for a young man, but oddly reassuring too. Like a shovel
scraping rock and a cat purring at the same time.

"Oh, I see," Bo said, drawing his words out. He took a drag
on his cigarette before beginning. "The best relationship you
ever know will be the one in which you love each other for your
faults--not despite them."

"That's nice," Melissa said as his words dispersed slowly in
the stillness of the evening, her voice all at once as raspy as his.

Bo chuckled softly. He had finally broken through her ve-neer
of detachment. He understood why she needed that barrier,
but it had gotten in the way of any meaningful conversation be-tween
them. He looked away from the many points of light sus-pended
above them to admire her silhouette. She was tall and
statuesque, with long, jet-black hair and eyes as dark and mysteri-ous
as the surrounding woods. "You weren't expecting anything
quite so romantic," he said. "Were you?"

"I don't know," she answered, trying to sound indifferent.

"How about this one?" Bo suggested, his tone lighter. He
realized that he had caught her off guard and that she needed a
lifeline. Saving people was one of the two things he enjoyed most
in life, particularly when he had introduced the danger. And that
was the other.

He took a swallow of scotch. "Make certain you approach
both love and cooking with reckless abandon."

Melissa's laugh was genuine. "What on earth does that

"It means I'm willing to risk burning down the kitchen
in pursuit of the perfect meal," he answered, a wry smile on his
full lips.

Melissa tried to suppress her answering smile, but couldn't
help herself.

He liked the way her eyes caught the starlight, and the way
her long black hair shimmered down her back. She was a beautiful
woman, and on one level he understood his brother's need for
her. "It means approach every day as if it's your last. Never second-guess,
never look back." Again Bo's words resonated in the silence
of the night. "It's all those things."

Melissa tried to regain her composure, but Bo had a way
about him. She wanted to confide in him, to feel his powerful
arms wrapped around her. She sensed that he would understand
her anguish. But none of that was possible.

Bo took another sip of scotch. "You like me, don't you?" he
asked, leaning forward to catch her eye.

"I don't like anyone," Melissa replied curtly, annoyed with
herself for entertaining the fantasy. They had known each other
casually for almost a year, but tonight was the first time they had
been alone.

"Yes, you do. Come on, admit it."

"You're so damn sure of yourself, aren't you, Bo Hancock?
You think you know everything. Well, you don't."

"I know you were the one who sent Paul off to make his
phone calls."

Melissa shut her eyes tightly, regretting the fact that she had
asked Bo to come out here on the veranda alone with her. She
found herself drawn to him, which wasn't good.

"Admit it." A confident smile played across his lips. "You
like me."

"Maybe," she said quietly.

From where they stood on the edge of the veranda a neatly
manicured lawn sloped gently down to the lake. Melissa gazed
steadily at the reflections in the black water, then turned to face Bo.
Although he was only in his midtwenties, his natural sophistication
and charm—benefits of a monied upbringing, she assumed—made
him seem older and more insightful than a man just a few years re-moved
from the ivy of Yale. He was about six feet tall, with broad
shoulders, a barrel chest, and the forearms of a blacksmith. His
handsome face was wide and strong, dominated by an imposing
forehead with a small scar above one brow and piercing sapphire
eyes. He kept his short dark hair neatly parted to one side, and
tonight, as usual, wore a casual shirt and old jeans. She had rarely
seen him in anything else.

"Are you seeing anyone?" Melissa asked, trying to move the
conversation to safer ground.

Bo nodded. "Yes. A woman named Meg Richards."

"What company does her daddy own?" Melissa asked sarcas-tically,
regaining her hard edge. "How many millions does she
bring to the table?"

"She doesn't. Meg's a middle-class girl from Long Island," he
answered, rattling the ice cubes in his glass. "Her father is a high
school principal who's depending on his pension for retirement."

"How did you meet her?"

"At Yale. She was there on an academic scholarship. I fell for
her the moment I saw her walk into my political science class first
year." Bo's voice took on a distant tone as he relived the moment.
"I didn't get up the nerve to ask her out until second year, but
then we were inseparable for six months. We were out of touch for
a while after graduation, but I never lost that feeling I had the first
time I saw her. That's how I knew she was the one. About a year
ago I tracked her down and we picked right back up." Using the
resources at his disposal, he had asked the Hazeltine Security peo-ple
to locate Meg. Hazeltine handled sensitive business projects
for Bo's father, James "Jimmy Lee" Hancock, and, on occasion,
helped the family with personal matters that required discretion.
"I haven't thought about anyone but her since."

"Sounds serious," Melissa observed, a shard of jealousy en-tering
her voice. She took a sip of wine.

"I think it is."

"But you aren't sure."

"I'm sure, I just don't know if she is. I don't know what she'll
say when I open the black velvet box."

"Give me a break," Melissa groaned. "What's any middle-class
girl going to say to a Hancock son offering her five carats?"
She glanced over her shoulder. "Is she really going to turn down
all of this?"

The huge structure rising behind them stood at the center of
the Hancock family's secluded thousand-acre compound in Con-necticut's
rolling woodlands, forty miles northeast of New York
City. On the estate were stables for thoroughbred horses, miles of
riding trails weaving through the dense forest, a nine-hole golf
course, tennis courts, the twenty-acre man-made lake stretching
out before them, a boathouse on the far side of the lake, as well as
five other mansions in addition to the playhouse, in the shadow of
which Bo and Melissa now stood. Inside the playhouse were two
more tennis courts, a pool, a fifty-seat movie theater, a formal din-ing
hall, a billiard room, and several guest suites. Surrounding the
entire compound was a tall chain-link fence topped by razor
wire, obscured by the trees and constantly patrolled by a full-time
security force, never seen but always present. Every bit of it was
available to Bo, his older brothers Teddy and Paul, and their sis-ter
Catherine, whenever they wanted it. It also belonged to Bo's
younger sister, Ashley, but she seemed to have no interest in enjoy-ing
it. She had moved to Europe after finishing Harvard three
years ago and had yet to return.

"Meg doesn't care much about material things," Bo finally
answered. "If she did, I wouldn't care about her so much."

Of course you wouldn't, Melissa thought. It only made sense
that of the three Hancock brothers, Bo would be the one to
marry for love. "How did your family get so rich?" she asked.

Bo flicked an ash from his cigarette and watched it streak to
the granite, where it glowed red hot for a few moments. He was
thinking about Ashley. They had been close growing up, but after
college she had rebelled against the money and their father's need
for control. He understood her desire to escape, but it didn't make
her absence any easier. "Oil and railroads back in the eighteen-hundreds,"
he said hesitantly. He'd always been self-conscious
about the money. "More recently the stock market, now that it's go-ing
up again."

Melissa fanned her face. It was an unusually warm night for
April. The heat of the evening, combined with the wine she'd
drunk, was making her cheeks feel flushed. "How much are you
worth, Bo?"

"Why do you want to know?" he responded instinctively.
He'd been trained by Jimmy Lee from an early age to answer that
question with this one. The training had come in handy because
so many people wanted to know.

"I just do." Most people recognized the roadblock and con-tinued
no further, but Melissa had worked for everything she'd
ever gotten in life, including information.

Bo inhaled deeply. The scotch was filling him with that fa-miliar
glow. "Why don't you tell me about yourself," he said, try-ing
to turn the conversation in a different direction.

"I will if you will."

He nodded. He understood the quid pro quo, and there
were questions he wanted to ask. "A billion dollars, give or take
twenty to thirty million depending on the day and the Dow." He
sensed her awe. A billion dollars was a figure most people couldn't
comprehend—there were simply too many zeros. "Now you," he
said, uncomfortable about having revealed the amount. He had
broken one of Jimmy Lee's cardinal commandments. Never give
an outsider the number. Never give an outsider anything that
might make the family vulnerable.

"What do you want to know?" she asked defensively.

"I've been impressed with you tonight," he answered. "You've
obviously been to college."

"Yes, I graduated from St. John's in three and a half years
with a double major in English and economics. And a minor
in American history," she added, proud of how hard she had

Bo extinguished his cigarette in an ashtray set atop the low
stone wall that ran along one side of the veranda. He was trying
to think of the best way to ask what he really wanted to know. As
usual, he chose to be direct. "Then why this line of work?"

For some reason men had to know why a woman would turn
to prostitution. They all wanted it to be the result of heightened
sexual desire—which excited them immeasurably—and her prac-tical
answer never pleased them. "My parents are poor, I had
thirty thousand dollars' worth of school loans when I graduated
from St. John's, and the Wall Street men in their expensive suits
and fancy suspenders weren't impressed with my resume."

Meet the Author

Stephen Frey is a principal at a Northern Virginia private equity firm. He previously worked in mergers and acquisitions at J.P. Morgan and as a vice president of corporate finance at an international bank in midtown Manhattan. Frey is also the bestselling author of The Takeover, The Vulture Fund, The Inner Sanctum, The Legacy, and The Insider.

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Trust Fund 4.5 out of 5 based on 0 ratings. 11 reviews.
harstan More than 1 year ago
Comparisons of his family are always to the Kennedy clan as the Hancock shares the same level of wealth, charisma, and political connections. There are five children in the family and their father, similar to Joe Sr. holds a taut reign on Paul, Tommy, Catherine, Bo, and Ashley even as he treats his two youngest as changelings.

Paul is running for president and with his dad¿s backing easily will win. Bo runs the family¿s Wall St. brokerage firm. That changes when Bo¿s alleged drinking and philandering reaches the ear of his father who exiles his youngest son to Montana a la Hoover. When his father becomes ill, Bo returns home to retake control of Warbled Capital even though his siblings prefer he remain in Big Sky country. Bo fights for his position, but soon learns his opponent is an invisible cabal of powerful people running the country from behind the scenes. Bo realizes he has a difficult decision whether to challenge this Goliath or not.

People not familiar with the intricacies of Wall St. probably will find this novel sells them short as it assumes full understanding of the financial markets. Yet, this does will not deter anyone from the full enjoyment of Stephen Frey¿s clever tale that obviously imitates real life. TRUST FUND will enhance Mr. Frey¿s reputation as one of the leaders of the political-financial thriller.

Harriet Klausner

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Guest More than 1 year ago
Trust Fund was the first read for me of Stephen Frey. I have read all of John Grisham's, David Baldacci's, and Nelson Demille's books, and with the exception of The Lions Game, this was the most tightly put togther book I have read. All of the characters were beautiful interwoven,and smoothly transitioned through-out. If you are looking for an adrenaline packed book, with a full throttle mentality, then this is a book to pick up.