ESCP Europe

Item type

Book

Language

English

Publication year

2000

ISBN

978-1-84115-504-3

A group of elite investors who called themselves 'Long-Term Capital Management' believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners. In fact, they created a trillion-dollar hole in the international banking system. Its a tale of vivid characters, overweening ambition and perilous drama told, in Roger Lowensteins hands, with brilliant style and panache. from back cover.

Introduction --- THE RISE OF LONG-TERM CAPITAL MANAGEMENT --- 1. Meriwether --- 2. Hedge fund --- 3. On the run --- 4. Dear investors --- 5. Tug-of-war --- 6. A Nobel prize --- THE FALL OF LONG-TERM CAPITAL MANAGEMENT --- 7. Bank of volatility --- 8. The fall --- 9. The human factor --- 10. At the fed --- Epilogue..