A new leaf: why a hedge fund manager bought a bank

Andy Redleaf founded a $6 billion hedge fund. Now he runs a small community bank

Andy Redleaf
Andy Redleaf

In many ways, Andy Redleaf was a quintessential hedge fund manager. A Yale University maths graduate, he traded options at Gruntal & Co – alongside investing legend-to-be Steven Cohen – and in the Chicago options-trading pits before co-founding Deephaven Capital Management in 1994 and then Whitebox Advisors in 2000. At Whitebox, he predicted the subprime crisis and subsequent economic recovery. Then, he started to go off-script.

In 2015, Redleaf purchased Park State Bank, a small Minneapolis

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here