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The ballad of Lars and Bruno

https://www.ft.com/content/ba70c927-ff16-4977-942f-897cfd1349af

Bruno Crastes was one of the most gifted fund managers of his generation. Why did he bet so much on the notorious Lars Windhorst? 

In October 2019, hundreds of wedding guests flew in from around the world to the grandest resort on the French riviera, the Hotel du Cap-Eden-Roc.

As the gathered stepped out on to the terrace with their drinks, they saw not only the vast azure plain of the Mediterranean, but also the groom’s 240ft-long superyacht on the horizon. By the end of the night, Lionel Richie, Craig David and Lenny Kravitz had all serenaded the newly-weds. The wedding’s unstated theme was excess, but the groom was not worth billions. He owed billions.

 

A nice longer article about friendship and spending clients assets and how Gifts and free private airplane flights are not always free in the end. Amazing how the red lights were not considered in the end. 

 

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