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About When Genius Failed
<p>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.<br> In a decade that had seen the longest and most rewarding bull market in history, hedge funds were the ne plus ultra of...</p>
Detailed Information
| Author: | Roger Lowenstein |
|---|---|
| Publication Year: | 2011 |
| ISBN: | 375506446 |
| Language: | other |
| File Size: | 0.7597 |
| Format: | |
| Price: | FREE |
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