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Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County.
How a supposedly consevertively managed fund can lose some 27% of its value, and eventually, bankrupted one of the richest county in the US in just several months when the interest rate environment turned against it.
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Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World
The lack of risk management and a rogue trader on the loose brought down one of the most prestigious bank of England. The fact that Nick Leeson himself wrote this book makes it particularly intersting.
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When Genius Failed: The Rise and Fall of Long-Term Capital Management
There couldn't have been a better title. The LTCM story is probably the most dramatic story in financial world: managed by nobel prize winners, the gigantic fund's fall threated the entire financial system that the FED has to put togather a rescue package.
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Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It
Another count of the LTCM story. This book focuses more on the quantitative side.
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