I have done this site especially for Kinga Lampert
in order to visit thishousewillexist.org

Sorry for my poor english translation.

Kinga is wife of Edward.
Eddie's sister is Tracey Lampert
Eddie's mother is Dolores Lampert


Edward S. of, Eddie Lampert (born July 19 1962) is an American investor, financier and businessman.

He is the President Sears Holdings Corporation (SHLD) and founder, president and CEO of ESL Investments. Until May 2007 he was director of AutoNation, inc. He previously served as director of AutoZone, inc. from 1999 to 2006.

Lampert graduated from Yale University in 1984 (b., economics, summa cum laude), where he was a member of Skull and Bones and Phi Beta Kappa. He was an intern in 1984 at Goldman Sachs in July, and worked in the risk arbitrage department of the firm in March 1985 to February 1988. He worked directly with Robert Rubin, when Lampert decided to leave on their own, Rubin said it was a bad career decision.

He left the bank to form ESL Investments, based in Greenwich, Connecticut, in April 1988. The ESL's name derives from the initials of Lampert. The Richard Rainwater, whom he had met on the island of Nantucket, gave $ 28 million in seed money and presented to clients such as Geffen. In 2003, he was kidnapped from his office parking lot, but Lampert convinced his captors let him go after two days.

The investment style of Lampert is best described as "value" focused, often focusing on the retail sector. He has produced annual returns of 30% since the formation of his background. Lampert typically holds investments for several years and usually has between three and fifteen action. His investment style has drawn comparisons to the financier Warren Buffett. Le, in large part, been credited for forming and combining Kmart and Sears into Sears Holdings.

His earnings in 2004 were estimated to be $ 1.02 billion USD, making the first Wall Street Lampert financial manager to exceed an income of $ 1 billion in a single year. 2006, Lampert was the richest person in Connecticut with a net worth of $ 3. As of 2007, he kept to that row, with a net value of the balance $ 4.

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The billionaire hedge fund manager Edward Lampert revives fears about the possible division of Citigroup

Rumors about the possible reorganization of Citigroup division and begin to collect the body. A few weeks ago, the former bank executives expressed their fears that the largest financial services bank in the world could be at the target point of hedge funds and that they could enter the capital and forcing the division of the conglomerate, a of the few that still survive in the world.

Now, rumors currently charged after news that billionaire hedge fund manager Edward Lampert, known for betting on companies that do not cross and refloat its best, as the U.S. distribution groups Sears and Kmart, has revealed that he has purchased 15 million shares of Citigroup. Some titles, the current market price, are worth around 800 million dollars.

Lampert's interest by the U.S. investment bank is not new and that the fund managed by ESL Investment, RBS Partners, "have begun to accumulate Citigroup last year. In fact, in late September 2006 was 10.87 million shares, a quatity that would have extended up to 15.24 million during the first months of 2007, approximately 0.3% stake in Citigroup. Lampert percentage placing behind the 50 largest shareholders of the group.

With the entry of this hedge fund fears that Citigroup could be divided into parts gain strength again. "Their actions have fallen behind and it seems easy target for hedge funds eager to take over the bank and cut it," says one expert. It is also current campaign by The Children's Investment Fund Group, which wants to force the division of Dutch bank ABN Amro, who bid by Barclays and the consortium formed by Santander, Royal Bank of Scotland and Fortis.

A former financial analyst on Wall Street, now a hedge fund manager says the Financial Times that the group's evolution would be better if it was divided into four parts, which would bring in increased value for shareholders. In fact, many analysts who believe it is very difficult to run a company as large and it would be easier if it was divided.

Many of the pressures currently sorpora Citigroup are due to doubts over the leadership of its president and CEO, Chuck Prince. Since his arrival to the presidency of the group in 2003, Citigroup's market evolution has been very discreet. Prince insists however that keeping the group together has its advantages and provides very significant values. To prove it, some people will claim to increase the relationship with shareholders and investors to better explain the importance of keeping the business together.

Also, the president is under pressure to get the company's shares out of the impasse in which it is located. Yesterday, the news, shares surged over 4%.

For now, Lampert has not announced his intentions at Citigroup, a banking giant valued at 260,000 million dollars. The billionaire hedge fund manager, president of Sears, has always put the spotlight on distressed companies. Along with Citigroup paricipación, Lampert has informed the SEC shares in Motorola and Clear Channel. These two companies do not experience their best time as a result of clashes between its shareholders.

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The great challenge of Edward Lampert

Edward Lampert star off. The billionaire investor, called to pick up the baton of Warren Buffett as an oracle of finance, not going through its best professional. And all because the U.S. economic slowdown and U.S. consumer confidence, leading to serious difficulties for Sears Holding, company president and majority shareholder is.

The magic wand that has guided this young investor of 45 years throughout his life has lost much of its power in the retail chain. Sales have fallen sharply by the decline in consumption and strong competition from companies like Wal-Mart and Target Corp. In addition, Sears has also received a major jolt in the stock market. In April 2007, his actions came to rub $ 200 and has since accumulated a drop of over 50%. On Monday touched the $ 96.

Nor have things been better for his investment firm. ESL Holdings, an acronym for its name-which has obtained its worst result since its inception in 1988. The company has lost 27% of its value, when only last year, annual earnings were above this same percentage.

The debacle of Sears and Lampert ESL has placed the target of much criticism. Some people wonder if he has not lost his Midas Touch "by which, according to legend, everything he touched turned to gold-and even his name sounds even in some circles as a favorite to win the title of" Worst Chief of the Year.

The straw that broke the camel, was produced last week. Eddie, as they call their relatives, dismissed the chief executive of Sears, Aylwin Lewis, after less than three years in office, and announced an ambitious restructuring plan to revive the company. Criticisms multiplied.

Grow in adversity

Nevertheless, Lampert does not feel, much less defeated, and is willing to maintain the reputation that precedes SUV investor. He demonstrated five years ago when he was abducted at gunpoint outside his office. Two days later he was released and immediately returned to work to close the negotiation of a big deal.

It is precisely in times of adversity when the good investors will gain respect and get to keep your head while the other roll on Wall Street. He has demonstrated on numerous occasions Buffett, especially after the technology bubble burst. And now you are so inclined Lampert. "Adversity has made me stronger in my life both personally and professionally," recently explained to The Economist.

At the moment, feels he is being unfairly judged. "The criticism would be easier to understand if we were the only ones in trouble and everyone else were doing well," said the weekly. The stock market crash Sears has also found reflection in other companies in the sector as JC Penney and Macy's, and still chairs the company is worth ten times that for almost five years, when she stormed Lampert.

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The executive, however, admits his errors. As an example, when investing claimed to have erred in thinking that consumer demand would recover in 2007 after a soft landing in late 2006.

The Next Warren Buffett?

However, successes have been its major business which you have placed on the altar of the bonds. Always with the permission of his great idol Buffett, who had the opportunity to meet for 90 minutes in Omaha and who learned his philosophy of investing, value investing, during his time at Goldman Sachs.

This admiration, however, has not resulted in a single way of understanding the business and, although the comparisons between these two geniuses have been numerous, it is certain that the differences between them are clear. While Warren Buffett is dedicated to buying companies that work well but are cheaper because they are outmoded, Lampert looks seriously undervalued companies, even risks that go into some reeling from mismanagement or misguided strategies, because it thinks that, long term, the returns will far outweigh the investment.

One way to understand the business that has reported such high-profile successes such as AutoNation and Autozone and is precisely what we are trying to do at Sears, a company that merged in 2005 with Kmart, another large retailer, which filed for bankruptcy in 2003.

Investor from age 10

Lampert is an investor born. Investment leads in the veins. At just 10 years, arguing about his grandmother's investment sitting on his knees and 14, the sudden death of his father gave him enough momentum to get into Yale and thrive there. And he did, surrounded by the greats. He worked as a researcher for James Tobin, Nobel laureate in economics. After graduating, he joined Goldman Sachs where he worked for Robert Rubin, who, years later became Treasury secretary in the U.S.. When I confessed that I wanted to leave the bank, Rubin said he was leaving behind a brilliant career.

Nevertheless, life has smiled. Especially from the economic point of view. In 2004, their annual earnings exceeded 1,000 million dollars. A figure who became the first manager in Wall Street exceed this amount in one year. Only two later became the richest person in Connecticut, with a net worth of 3,800 million, which was expanded to 4,500 in 2007. Can he get away with the impending U.S. recession?

-> Site for Kinga Lampert

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Eddie's sister is Tracey Lampert
Eddie's mother is Dolores Lampert