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008 000228s2000 nyua b 001 0 eng
010 _a00028091
020 _a037550317X
_qhardback
020 _a0375758259
_qpaperback
035 _a596025
040 _cBD-DhUL
_dBD-DhUL
_dBD-DhUL
042 _apcc
043 _an-us---
050 0 0 _aHG4930
_b.L69 2000
082 _a332.6
_bLOW
100 1 _aLowenstein, Roger.
245 1 0 _aWhen genius failed :
_bthe rise and fall of Long-Term Capital Management /
_cRoger Lowenstein.
250 _a1st ed.
260 _aNew York :
_bRandom House,
_cc2000.
300 _axxi, 264 p. :
_bill. ;
_c25 cm.
504 _aIncludes bibliographical references and index.
520 1 _a"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.".
520 8 _a"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.
650 0 _aHedge funds
_zUnited States.
710 2 _aLong-term Capital Management (Firm)
942 _2ddc
_cBK
984 _aANL
_cYY 332.6 L913
999 _c66784
_d66784