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A Cautionary Tale

A Demon of Our Own Design: Markets, Hege Funds, and the Perils of Financial Innovation.

THE HEDGE FUND INDUSTRY IS HEADED FOR A FALL, and it has no one to blame but itself. So says Richard Bookstaber, former head of risk management at Moore Capital Management, a $12.5 billion hedge fund firm based in New York and London. In his new book, A Demon of

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