The Very Difficult Summer of the Erstwhile Hedge Fund King of Akron, Ohio

On Aug. 4, 2012, a bright young mortgage department employee at J.P. Morgan named Ben Sayer was all smiles: The head of a rapidly expanding hedge fund said to have almost $200 million in assets — one Anthony Davian of Davian Capital Advisors — had invited him to attend his fund’s annual golf outing for clients at the swanky Firestone Country Club in Akron, Ohio.