Florian Homm's fortune

Short introduction

Florian Homm is probably the best known hedge fund manager and speculator in Germany. For a long time, Homm managed the Absolute Capital Management (ACM) hedge fund, which at times had a volume of up to three million US dollars. This hedge fund collapsed completely in 2007 and investors made losses of $ 200 million. This was followed by the immersion and a spectacular escape of Florian Homm from the US authorities such as the FBI and DEA. A number of unexplained transactions by the manager still exist today. Florian Homm now lives in Germany and, despite an arrest warrant from the FBI and Switzerland, is not extradited.

Early life

The later successful hedge fund manager Florian Homm was born on October 7, 1959 in Oberursel. He grew up in Bad Homburg, Hesse, the son of a medium-sized craft entrepreneur named Joachim Homm. His great uncle is the well-known entrepreneur Josef Neckermann. Homm successfully completed his studies at Harvard Business School with a Master of Business Administration. He then began his career as an investment banker in the US financial industry.

Career

With the promising completion of Harvard Business School, Florian Homm started his first job as an investment banker at investment bank Merrill Lynch. He then switched to the well-known US fund provider called Fidelity Investments. In the following years, Homm also worked for the Swiss private bank Julius Baer and the US asset manager Tweedy Browne.

Career highlights

In 1993, the dedicated hedge fund manager laid the foundation for his success story by starting his own business with the American Kevin Devine. The established investment company Value Management & Research AG (VMR) focused on smaller companies. The concept included unsuccessful companies such as Comtelco being listed on internet exchanges such as the Frankfurt Neuer Markt. After the company was founded, there was a stock market boom that ultimately made the manager rich. At the beginning of the new millennium, Homm left VMR, which at the time had a market value of EUR 500 million, and founded the hedge fund company Absolute Capital Management Holding Ltd. with others. (ACM).

In Florian Homm’s most successful period, he then managed the company he had founded with around three billion euros in client assets. In doing so, he made it among the 300 richest Germans. In this context, he received the title of Hedge Fund Leader of The Year from the well-known investment magazine Alternative Investment News. With a commitment of 20 million euros, he saved the football club Borussia Dortmund during these times. He has been giving lectures on management regularly since 2014 and continues to market his autobiography Head Money Hunt very successfully.

Florian Homm runs a successful YouTube channel and was also the title character of a documentary by Amazon Studios. Since 2017, he has continued to design an opinion section at RT Deutsch, which is entitled Florian Homm speaks plain text.

Famous quotes

• “If someone makes a lot of money for me, it touches the core of my soul.”
• “My scruples were totally underdeveloped. And scruples also damage profit maximization. When I tried to make a fortune quickly, I certainly hurt a lot of people. My children had no father – they had a trust fund. It’s not the best replacement either. ”
• “I think my story is really a hard-core wake-up call.”
• “During the past few years of my financial career, I was just a machine, a primitive money machine.”
• “The more money you have, the more you seal yourself off. In the past years I have also got to know other sites. I stayed in hotels for $ 13 a night, I was in the armpits of the world. That filled me more than the 2000 euro suite at the Ritz. I used to be in an endless sandbox game with the other idiots who compared planes and boats. Even the toilet brush had to have a brand name and cost 300 euros. That was embarrassing.”

Amazing facts

Florian Homm became particularly famous for his spectacular escape in 2007. The company ACM, which he co-founded, came under increasing pressure, since it was conspicuously common to invest in illiquid funds. Speculations granted Florian Homm an escape sum of up to 150 million euros.

In this context, the US stock exchange regulator and the DEA filed charges against the entrepreneur in 2011. Private investigators even put a bounty of 1.5 million euros on Homm’s seizure. There was extensive speculation and false reports about the whereabouts at the time.

In 2013, Homm was finally arrested by the Italian police and was in extradition custody in Pisa. In June 2014, however, he was released from custody because the maximum period of extradition custody had expired. In the United States, he faces a maximum sentence of up to 225 years in prison.

In 2000, at the height of his career, he was diagnosed with multiple sclerosis at the age of 40. His sister died of the same disease in 2005.