Hedged Out

Hedged Out
Author :
Publisher : Univ of California Press
Total Pages : 337
Release :
ISBN-10 : 9780520973800
ISBN-13 : 0520973801
Rating : 4/5 (801 Downloads)

Book Synopsis Hedged Out by : Megan Tobias Neely

Download or read book Hedged Out written by Megan Tobias Neely and published by Univ of California Press. This book was released on 2022-01-25 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A former hedge fund worker takes an ethnographic approach to Wall Street to expose who wins, who loses, and why inequality endures. Who do you think of when you imagine a hedge fund manager? A greedy fraudster, a visionary entrepreneur, a wolf of Wall Street? These tropes capture the public imagination of a successful hedge fund manager. But behind the designer suits, helicopter commutes, and illicit pursuits are the everyday stories of people who work in the hedge fund industry—many of whom don’t realize they fall within the 1 percent that drives the divide between the richest and the rest. With Hedged Out, sociologist and former hedge fund analyst Megan Tobias Neely gives readers an outsider’s insider perspective on Wall Street and its enduring culture of inequality. Hedged Out dives into the upper echelons of Wall Street, where elite white masculinity is the standard measure for the capacity to manage risk and insecurity. Facing an unpredictable and risky stock market, hedge fund workers protect their interests by working long hours and building tight-knit networks with people who look and behave like them. Using ethnographic vignettes and her own industry experience, Neely showcases the voices of managers and other workers to illustrate how this industry of politically mobilized elites excludes people on the basis of race, class, and gender. Neely shows how this system of elite power and privilege not only sustains itself but builds over time as the beneficiaries concentrate their resources. Hedged Out explains why the hedge fund industry generates extreme wealth, why mostly white men benefit, and why reforming Wall Street will create a more equal society.


Hedged Out Related Books

Hedged Out
Language: en
Pages: 337
Authors: Megan Tobias Neely
Categories: Business & Economics
Type: BOOK - Published: 2022-01-25 - Publisher: Univ of California Press

DOWNLOAD EBOOK

A former hedge fund worker takes an ethnographic approach to Wall Street to expose who wins, who loses, and why inequality endures. Who do you think of when you
Hedging
Language: en
Pages: 456
Authors: Joseph D. Koziol
Categories: Business & Economics
Type: BOOK - Published: 1990-02-19 - Publisher:

DOWNLOAD EBOOK

Describes both financial and physical hedging strategies and programs applicable to almost any industry. Shows how to use hedging strategies to capitalize on ma
HEDGED
Language: en
Pages: 292
Authors: Juliana Jones
Categories: Business & Economics
Type: BOOK - Published: 2021-12-27 - Publisher: CG Holdings

DOWNLOAD EBOOK

You wanna take a risk…You better be H E D G E D When she blows up her account in a day trade gone awry, she dives into a morally corrupt abyss of Wall Street
Dynamic Hedging
Language: en
Pages: 536
Authors: Nassim Nicholas Taleb
Categories: Business & Economics
Type: BOOK - Published: 1997-01-14 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

Destined to become a market classic, Dynamic Hedging is the only practical reference in exotic options hedgingand arbitrage for professional traders and money m
Buy and Hedge
Language: en
Pages: 305
Authors: Jay Pestrichelli
Categories: Business & Economics
Type: BOOK - Published: 2011-09-29 - Publisher: FT Press

DOWNLOAD EBOOK

If you're trying to build wealth, sharp market downturns are your worst enemy. And today, they're happening far more often: in the last 18 years, the S&P 500 ha