02252cam a2200277Ma 4500001001300000003000600013007000300019008004100022010001700063020001800080020001500098035003900113050002200152100002300174245009700197260003600294300002400330504005100354505024900405520111600654610004001770650003201810942001201842952010701854999001301961ocm47676495 OCoLCta210203s2002    enka     b    001 0 eng    a   00028091   a9781841155043  a1841155047  a(OCoLC)47676495z(OCoLC)1166860459  aHG4930b.L69 20021 aLowenstein, Roger.10aWhen genius failed :bthe rise and fall of Long-term Capital Management /cRoger Lowenstein.  aLondon :bFourth Estate,c2002.  axxi, 264 p. :bill.  aIncludes bibliographical references and index.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.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.04aLong-term Capital Management (Firm) 4aHedge fundszUnited States.  2lcccBK  00104070aPNLIBbPNLIBcGENd2021-06-17oHG4930 .L69 2002pPNLIB21060730r2021-06-17w2021-06-17yBK  c916d916