Last Friday, Bloomberg reported that Kleinheinz Capital Partners had written investors to inform them that the firm would be closing up shop, on account of founder John Kleinheinz no longer "enjoying running running the fund" as much as he used to. And while JK is certainly not the first hedge fund manager to throw in the towel or to blame "central bank and government intervention for reducing volatility and making macro investing more difficult," and there are obviously enough people left in the industry to manage people's money, this particular account of calling it quits should leave you slightly misty-eyed, for one reason: the hedge fund community has lost the guy that did this (and, noting the less than apologetic apology, would do it again?):
Kleinheinz faced a third degree felony charge after the incident took place near his Fort Worth Texas home nearly seven years ago, according to a report in the Star-Telegram. The photographer, David “Smiley” Irvin, had been taking pictures of Kleinheinz’s wife and two children from property that Irvin said belonged to the nearby River Crest Country Club. But Kleinheinz accused Irvin of trespassing on his $10 million dollar property which is near the club, and threatened to call the police. As the dispute escalated, Kleinheinz jumped into Irvin’s rented Kia SUV, put it in gear and jumped out before it drove into a pond, as his family looked on. Police determined that Kleinheinz had caused $16,000 worth of damage to the vehicle, which also contained more than $25,000 worth photographic equipment. He was charged with criminal mischief because of the amount of money involved. The charge came with a potential two to 10 year prison sentence At the time, Kleinheinz told the Star-Telegram that he regretted the incident. “This was not an isolated incident, but it was regrettable,” Kleinheinz said.