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E-book
Author Bookstaber, Richard M., 1950-

Title A demon of our own design : markets, hedge funds, and the perils of financial innovation / Richard Bookstaber
Published Hoboken, N.J. : J. Wiley, ©2007

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Description 1 online resource (xii, 276 pages)
Contents Introduction: the paradox of market risk -- The demons of '87 -- A new sheriff in town -- How Salomon rolled the dice and lost -- They bought Salomon, then they killed it -- Long-term capital management rides the leverage cycle to hell -- Colossus -- Complexity, tight coupling, and normal accidents -- The brave new world of hedge funds -- Cockroaches and hedge funds -- Hedge fund existential -- Conclusion : built to crash?
Summary Inside markets, innovation, and riskWhy do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street-from Morgan Stanley to Salomon and Citigroup-and a member of some of the world's largest hedge funds, from Moore Capital to Ziff Brothers and FrontPoint Partners, Rick Bookstaber has seen the ghost inside the machine and vividly shows us a world that is even riskier than we think. The very things done to make markets safer, have, in fact, created a world that is far more dangerous. From the 1987 crash to Citigrou
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Hedge funds.
Risk management.
Risk Management
risk management.
BUSINESS & ECONOMICS -- Investments & Securities -- Futures.
Hedge funds
Risk management
Form Electronic book
ISBN 9780470134986
0470134984
9780471227274
0471227277
9781118045589
1118045580
1280935138
9781280935138