When genius failed : the rise and fall of Long-Term Capital Management /
by Lowenstein, Roger; Long-term Capital Management (Firm).
Material type: BookPublisher: New York : Random House, c2000Edition: 1st ed.Description: xxi, 264 p. : ill. ; 25 cm.ISBN: 037550317X; 0375758259.Subject(s): Hedge funds -- United StatesReview: "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.".Summary: "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.Item type | Current location | Collection | Call number | Copy number | Status | Date due | Barcode |
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Books | Dhaka University Library General Stacks | Non Fiction | 332.6 LOW (Browse shelf) | 1 | Available | 460861 | |
Books | Dhaka University Library General Stacks | Non Fiction | 332.6 LOW (Browse shelf) | 2 | Available | 460862 |
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332.6 LEP Portfolio and investment selection : | 332.6 LIA The American stockholder / | 332.6 LOW When genius failed : | 332.6 LOW When genius failed : | 332.6 LOW When genius failed : | 332.6 LOW When genius failed : | 332.6 LUI Investment: |
Includes bibliographical references and index.
"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.
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