LEADER 00000cam 2200349Ma 4500 001 47676495 003 OCoLC 005 20211201102336.0 008 010409s2002 enka b 001 0 eng 010 00028091 015 GBA1W3086|2bnb 019 1166860459 020 1841155047 020 9781841155043 024 3 9781841155043 040 UKM|beng|cUKM|dJ2H|dOCLCQ|dYDXCP|dEUX|dDEBSZ|dOCLCF|dCHVBK |dOCLCO|dOCLCQ|dP4A|dOCLCQ|dAZDAC|dU9X|dOCLCQ|erda |dUtOrBLW 043 n-us--- 092 332.6|bLOW 100 1 Lowenstein, Roger. 245 10 When genius failed :|bthe rise and fall of Long-Term Capital Management /|cRoger Lowenstein. 260 London :|bFourth Estate,|c2002. 264 1 London :|bFourth Estate,|c2002. 300 xxi, 264 pages :|billustrations ;|c20 cm 336 text|btxt|2rdacontent 337 unmediated|bn|2rdamedia 338 volume|bnc|2rdacarrier 504 Includes bibliographical references and index. 505 0 The rise of long-term capital management -- Meriwether -- Hedge fund -- On the run -- Dear investors -- Tug-of-war - - A nobel prize -- The fall of long-term capital management -- Bank of volatility -- The fall -- The human factor -- At the fed. 520 1 "John Meriwether, a famously successful Wall Street trader, spent the 1980s as a partner at Salomon Brothers, establishing the best - and the brainiest - bond arbitrage group in the world. A mysterious and shy midwesterner, he knitted together a group of Ph. D.-certified arbitrageurs who rewarded him with filial devotion and fabulous profits. Then, in 1991, in the wake of a scandal involving one of his traders, Meriwether abruptly resigned. For two years, his fiercely loyal team - convinced that the chief had been unfairly victimized - plotted their boss's return. Then, in 1993, Meriwether made a historic offer. He gathered together his former disciples and a handful of supereconomists from academia and proposed that they become partners in a new hedge fund different from any Wall Street had ever seen. And so Long-Term Capital Management was born." "When Genius Failed is the cautionary financial tale of our time, the saga of what happened when an elite group of investors believed they could actually deconstruct risk and use virtually limitless leverage to create limitless wealth."--BOOK JACKET. 610 20 Long-term Capital Management (Firm) 650 0 Hedge funds|zUnited States.
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