Hedge hogs
Subtitle: a cautionary tale
By: Barbara T. Dreyfuss
Edition: 1st ed.
Publisher: Random House
Published: 2013
Place of publication: New York
Language: eng
Number of pages: 285
ISBN-13: 9781400068395; 9780679605010
Subjects: Hedge funds; Investment advisors
Description: At its peak, hedge fund Amaranth Advisors LLC had more than $9 billion in assets. A few weeks later, it completely collapsed. The disaster was largely triggered by one man: hotshot trader Brian Hunter. His high-risk bets on natural gas prices bankrupted his firm and destroyed his career, while John Arnold, his rival at competitor fund Centaurus, emerged as the highest-paid trader on Wall Street. A riveting fly-on-the-wall account of the largest hedge fund collapse in history: a blistering tale of the recent past that explains our precarious present-- and may predict our future.
Notes: Includes bibliographical references and index.
Table of contents: title: Going all in; title: The man from Calgary; title: Lone Star gambler; title: A fund for everyone; title: Amaranth; title: Widow maker; title: Pitching to grandma; title: The $100 million man; title: King of gas; title: Paying the (inflated) tab; title: "Gonna get our faces ripped off"; title: Pump and dump; title: $6 billion squeeze; title: "You're done".