000			02133cam a2200265Ma 4500
001			ocm47676495
003			OCoLC
007			ta
008			210203s2002 enka b 001 0 eng
010			_a 00028091
020			_a9781841155043
020			_a1841155047
035			_a(OCoLC)47676495 _z(OCoLC)1166860459
050			_aHG4930 _b.L69 2002
100	1		_aLowenstein, Roger.
245	1	0	_aWhen genius failed : _bthe rise and fall of Long-term Capital Management / _cRoger Lowenstein.
260			_aLondon : _bFourth Estate, _c2002.
300			_axxi, 264 p. : _bill.
504			_aIncludes bibliographical references and index.
505	0		_aThe 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		_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." "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	0	4	_aLong-term Capital Management (Firm)
650		4	_aHedge funds _zUnited States.
942			_2lcc _cBK
999			_c916 _d916