A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation

A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
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A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Monetary Innovation Description

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Inside markets, innovation and markets will maintain crashing riskWhy and why financial crises are a lot more than ever? As risk manager for some of the major Wall Street firms, Morgan Stanley to Salomon and Citigroup and a member of some of the world’s largest fund of hedge Moore brothers Ziff Capital Point Partners and frontal Rick staffs book have observed the ghost in the machine and shows us a world that is even riskier than we believe. Issues completed to make markets safer, have in fact developed a world that is much far more dangerous. Given that the 1987 crash to Citigroup closing the Salomon Arb unit, from large losses at UBS to the demise of Long-Term Capital Management, giving readers favorite staffs ringside seat to the management decisions taken by some of the characters most potent financiers in the world that led to catastrophe, and describes the effects of its own activities on markets and market crashes. A lot of the innovation over the past 30 years has A Demon of Our Own Style: Markets, Hedge Funds, and the Perils of Monetary Innovation

\n\nA Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Monetary Innovation Ebook

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