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Bookstaber, Richard M., 1950-

A demon of our own design : markets, hedge funds, and the perils of financial innovation / Richard Bookstaber. - Hoboken, N.J : Wiley, 2007. - xii, 276 p. ; 24 cm.

Includes bibliographical references and index.

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?

9780470393758 9780471227274 (cloth)


Hedge funds.
Risk management

332.64524 / B724

Languages: 
English |