Related Web Links – Module 1 - The Study of Economics
In the following article, Krugman writes about Tiger Management—another hedge fund that eventually ran into trouble.
Go to: http://www.pkarchive.org/column/4200.html
Financial firms such as Morgan Stanley combine economic analysis with financial theory to look at economic effects on financial markets.
Go to: http://www.morganstanley.com/views/gef/index.html
One of the more spectacular financial collapses of a private hedge fund with a very public rescue orchestrated by the Federal Reserve was Long Term Capital Management. The definitive book on the subject is: When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein.
Go to: http://en.wikipedia.org/wiki/Long-Term_Capital_Management