Inventing Money

Beschreibung

In 1998, the highly secretive hedge fund Long-Term Capital Management, with a bond portfolio worth $100 billion, suddenly collapsed--saved only by the $3.6 billion last minute rescue of 14 investment banks. How did it happen--especially when LTCM had based its financial future on seemingly infallible, Nobel Prize-winning science? * In Inventing Money, author Nick Dunbar charts the rise and fall of LTCM, and tackles the larger question of the role of science in understanding and predicting the global financial markets.

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Nicholas Dunbar

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Hedge Fund Wirtschaft / Einz. Wirtschaftszweige, Branchen

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