A Hedge Fund Tale of Reach and Grasp: Or What's a Heaven for

ISBN-13: 9780470604540 / Angielski / Twarda / 2010 / 336 str.

Barton Biggs

Opis

Financial legend Barton Biggs' fictional account of the hedge world and the broader workings of Wall Street Barton Biggs' latest book is an inspirational rags to riches story of drive and financial talent. Told through the eyes of a fictional insider, this engaging story provides a detailed look at the hedge fund business in the late 1990s and through the first decade of the twenty-first century. A Tale From the Hedge Fund World chronicles the life of a poor boy who ends up amassing more wealth than he ever thought possible. From studying Wall Street charts while sitting on the sidelines of football practice to realizing how so much money can be made in a short period of time, this book provides a bird's eye view of the inner workings of Wall Street and what it takes to make it there.

• Puts the word of hedge funds in perspective and reveals the competitive and lucrative nature of this field
• Other titles by Biggs: Hedgehogging and Wealth, War & Wisdom
• Also describes the bursting of the mortgage bubble and the great financial crisis that followed

No one knows more about the hedge fund world of the past twenty years than Barton Biggs. His new fable offers an entertaining look at this field and those who aspire to excel within it.

Spis treści

Introduction 1

Chapter 1: Big Neck, Virginia 5

Chapter 2: Arizona Union 17

Chapter 3: New York and the Firm 33

Chapter 4: Onward and Upward 51

Chapter 5: Crisis and Confrontation 67

Chapter 6: Moving On 91

Chapter 7: Bridgestone 107

Chapter 8: Revenge of the Geeks 123

Chapter 9: Life Its Own Self 143

Chapter 10: The Halcyon Years 159

Chapter 11: Dinner at the Perots 181

Chapter 12: Big Decisions 193

Chapter 13: The Years of Milk and Honey 209

Chapter 14: The High Probability of the Improbable 223

Chapter 15: 2008: Annus Horribilis 247

Chapter 16: The Age of Malevolence 279

Chapter 17: The End of the Affair 297

Epilogue 313

About the Author 319

O autorze

BARTON BIGGS is the cofounder and managing partner of Traxis Partners, a billion–dollar macro hedge fund. He spent thirty years as a senior partner at Morgan Stanley, where he formed the firm′s top–rated research department, and created and built its investment management division. He was also Morgan Stanley′s investment strategist and was on numerous occasions elected by Institutional Investor magazine as the number–one ranked global strategist. He currently writes a column for Newsweek. Biggs′s previous books, Hedgehogging and Wealth, War & Wisdom, are also published by Wiley and are international bestsellers.

Blurb

A HEDGE FUND TALE of Reach and Grasp

"Ah, but a man′s reach should exceed his grasp, or what′s a Heaven for?"
Robert Browning

A Hedge Fund Tale of Reach and Grasp is a is the account of the rise to power and fall from grace of hedge fund manager Joe Hill. Written by Barton Biggs, the tale is embedded in the actual events and stock market history of our era.The story is pure fiction, but the ebb and flow of the markets is made vivid by charts and figures. There is nothing fictional about the bull market, the speculation, the bear raids, and the collapse that followed. A Hedge Fund Tale of Reach and Grasp also tells of the stress, the odd relationships, and often bizarre personalities in a large investment management firm. It is about greed, ostentation, success, and how the participants in the bubble leveraged their lives and careers, as well as the price they paid, which many are still paying.