'Inventing Money:story of LTCM' by Nicholas Dunbar

Inventing Money: The story of Long-Term Capital Management and the legends behind it - Nicholas Dunbar (John Wiley & Sons Ltd, 2000) 245pp, £17.99, ISBN 0471899992

N. Dunbar is a technical editor of Risk magazine, a former academic and television producer.

Long-Term Capital Management was started in December 1992 by a former Vice- Chairman of Salomon Brothers, John Meriwether, and two Nobel prizewinners, Myron Scholes and Robert Merton, plus a team of high-flying arbitrage traders. The firm was

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