01984cam a22003014a 4500001000700000003000800007005001700015008004100032010001300073020002500086020002600111035001100137040003000148042000800178043001200186050002200198082001500220100002300235245009700258250001200355260003800367300003400405504005100439520086500490520025501355650003201610710004001642596025BD-DhUL20160517170421.0000228s2000    nyua     b    001 0 eng    a00028091  a037550317Xqhardback  a0375758259qpaperback  a596025  cBD-DhULdBD-DhULdBD-DhUL  apcc  an-us---00aHG4930b.L69 2000  a332.6bLOW1 aLowenstein, Roger.10aWhen genius failed :bthe rise and fall of Long-Term Capital Management /cRoger Lowenstein.  a1st ed.  aNew York :bRandom House,cc2000.  axxi, 264 p. :bill. ;c25 cm.  aIncludes bibliographical references and index.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.".8 a"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. 0aHedge fundszUnited States.2 aLong-term Capital Management (Firm)