When genius failed : the rise and fall of Long-Term Capital Management / Roger Lowenstein
By: Lowenstein, Roger.
Contributor(s): Long-term Capital Management (Firm).
Publisher: New York : Random House, [2000]Edition: First edition.Description: xxi, 264 pages : illustrations ; 25 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780375758256.Subject(s): Long-term Capital Management (Firm) | Hedge funds -- United StatesGenre/Form: Print books.Current location | Call number | Status | Date due | Barcode | Item holds |
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On Shelf | HG4930 .L69 2000 (Browse shelf) | Available | AU0000000009348 |
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HG4930 .B47 2016 Empire of the fund : the way we save now / | HG4930 .C86 2014 Berkshire beyond Buffett : the enduring value of values / | HG4930 .K65 2017 Black edge : inside information, dirty money, and the quest to bring down the most wanted man on Wall Street / | HG4930 .L69 2000 When genius failed : the rise and fall of Long-Term Capital Management / | HG4930 .P63 2015 The fund industry : how your money is managed / | HG4930.5 .B35 2018 The Fed and Lehman Brothers : setting the record straight on a financial disaster / | HG4930.5 .E45 2009 The partnership : the making of Goldman Sachs / |
Includes bibliographical references and index
The Rise of Long-Term Capital Management -- The Fall of Long-Term Capital Management
"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."--Jacket