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A demon of our own design : markets, hedge funds, and the perils of financial innovation /

by Bookstaber, Richard M.,
Published by : Wiley, (Hoboken, N.J :) Physical details: xii, 276 p. ; 24 cm. ISBN: 0470393750 Subject(s): Hedge funds. | Risk management Year: 2007
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Item type Location Call Number Status Notes Date Due
Book Book AUM Main Library English Collections Hall 332.64524 B724 (Browse Shelf) Available JBC/2012/6152

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?

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