Confidence Game

Name: Confidence Game: how a hedge fund manager called Wall Street's bluff
Brand: Kogan Page
SKU: 9781576603376
Price: 3664.00 INR
Availability: InStock

how a hedge fund manager called Wall Street's bluff

by Christine Richard

Kogan Page · 2009

Christine Richard's account of the delusion and greed behind the 2008 US credit crisis, told through hedge fund manager Bill Ackman's six-year warning. Published by Kogan Page in 2009.

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About this book

The collapse of the US credit markets in 2008 is described here as one of the biggest financial disasters in American history. The book tells how Bill Ackman spent six years warning that the bond insurance business was heading for catastrophe.

Ackman was branded a fraud by leading newspapers and investigated by regulators, yet his fund eventually made investors more than $1 billion when the bond insurers helped set off the collapse. The book argues that excessive leverage, dangerous financial models and blind reliance on triple-A ratings pushed Wall Street towards disaster.

Its story centres on one dissenting voice in a period of widespread delusion, and it draws on the author's close access to one of the best-known names on Wall Street. Published by Kogan Page in 2009 as edition 1, with 240 pages and ISBN-13 9781576603376.