Has anyone on WSO had a chance to read this new book by Barbara Dreyfuss? I have read only one review for it (in the Economist), so I wanted to reach out to the WSO Hedge Fund community for their thoughts/opinions.
What do people think? Is it worth a buy? Or should I stick to borrowing from the library?
Yep I read it. It's interesting, not a must-read but worth it if you have some spare time. The only thing is that it makes me want to read more about John Arnold. I find him a lot more fascinating than Brian Hunter.
Reading it right now. I agree, it's not a must read, but John Arnold is the man. Billionaire by 35 AND married a hot lawyer (Wachtell, Lipton if I'm not mistaken).
That's like saying he's a billionaire AND drives the most tricked-out Impala on the block.
That's like saying he's a billionaire AND has a jail-broken iPhone 4S with only a few cracks on the back.
Oh come on, that's just mean...
Wait, so Barbara Dreyfuss' s new book is about Brian Hunter and Amaranth? That was a while ago and before the subprime crisis. Wonder what took her so long to write about this.
Incidentally She is participating in a debate about the positive contributions (or lack thereof of) of HFs to the market this July at the NYSSA. Those of you who are members of either NYSSA or New York Hedge Fund Roundtable can get an invite to that event. I am a member of the latter organization and might possibly attend that one.
http://www.newyorkhedgefundroundtable.org/events.php?view=upcoming
Wait...so I clicked on this and it's not a biography of Ron Jeremy?
Fuck you guys.
I find it surprising that all media sources that I've come across claim that Hunter was a 'prodigious math whiz'. His grades at uAlberta were less than mediocre, not that there's anything wrong with that.
Will check it out.
Just finished reading the book and found it to be a decent read, however the title is obviously somewhat misleading as it is almost entirely focused on the background story of Amaranth and to a lesser extent Centaurus, hence collectively energy HFs. Picked up more anecdotal personal background history on the personalities involved than anticipated, a testament to the deep digging conducted by the author.
Then why did TransCanada Corp hire him in spite of his less than impressive academic credentials? Presumably they saw something else in him like the CIA did with Edward Snowden?
Because graduate grades aren't everything? Particularly when a degree in math is unequivocally more rigorous than most academic disciplines.
Still I doubt every math graduate student that wants to get a job as energy trader would actually get one. I think Brian Hunter's professor of mathematical finance was a pretty renowned scholar in the field and wrote a Springer textbook on this (that I skimmed through a while ago). Perhaps Brian got a solid reference from him which enabled him to secure the job with TransCanada despite his grades.
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