Hedge Funds
Courtesans of Capitalism
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Word Count
70,000 words, Guess
Page Count
280 pages
Identifiers
- Internet Archivehedgefundscourte0000temp
- ISBN-100471899739
- ISBN-139780471899730
- LibraryThing1134469
- Library of Congress Control Number2001017601
and 3 more
- OCLC Control Number45750302
- Better World Books9780471899730
- Open LibraryOL7630686M
Classifications
- LCCHG4530 .T45 2001
- LCCHG4530.T45 2001
- LCCHG 4530 T45 2001
Description
"This book is about hedge funds, their influence on the global financial markets and how they affect us all. Hedge funds have come a long way since Alfred Winslow Jones first used them in the 1950s and '60s to reduce risk. Hedge funds today can wield immense power capable of disrupting the financial markets." "More alarming still is the hedge fund in your bank, epitomised by so-called 'proprietary trading': Banks trade with, lend to, and mimic hedge funds in their own trading - generating fat bonuses for their managers. Customers rarely know, let alone are consulted about it. As with many other 'enthusiasms' to which banks have been prone, it may end in tears." "The book's controversial conclusion is that it is banks' exposure to hedge funds and their sometimes inept proprietary trading that needs to be regulated more closely. It is in the urgent interests of the global banking system as a whole, and concerns all of us."--Jacket.
First Sentence
This is a book about hedge funds and their influence on the financial markets, and on you and me.
Subjects
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