give help to firm in financial difficultyto provide sufficient financial support to a company that is having financial difficulties to ensure its survival
Asia: Future Perspectives by Jim Rogers Jim Rogers grew up in Alabama and started out in business, aged six, selling peanuts and soft drinks at baseball games. He was educated at Yale and Balliol College, Oxford. After he co-founded the Quantum fund in 1970, the fund surged by 4,200% over the next decade, while the Standard & Poor’s index rose by 47%. Having earned enough money to “retire” at the age of 37, Rogers has since worked as a professor of finance at Columbia University,...
When Genius Failed: The Rise and Fall of Long-Term Capital Management Roger Lowenstein (2001) Tells the story behind the biggest hedge fund collapse ever seen, that sent shock waves through the whole banking system.
Provides perceptive detail into all the main characters involved, including two Nobel Prize winners.
Gives an absorbing account of the Federal Reserve Board’s unprecedented move to bail out the fund after thousands of its derivatives contracts started failing.