"When Leverage Backfires" Financial Trader, June/July 1994, Miller/Freeman Publications, (415) 905-2226. Describes how hedge funds work and difficulties faced when interest rates move adversely on highly leveraged positions.
"Why Analysts Cross the Street"; Institutional Investor, January 1994, p. 33. This article explains the steady flow of investment analysts to the "buy side"; (mutual funds and pension funds) of the business. This gives a great "war-story" overview of careers in money management.. |