Since 2009 IFD Kapital Group participates in federal project aimed to improve financial literacy, this is the way to promote publications of books about major historical economic events. Selected for Russian publications books are written by real professionals, read in one breath and perceived as fascinating and instructive business-thrillers based on true stories.
Hedge Hogs. Barbara T. Dreyfuss
The bestseller «Hedge Hogs» by Barbara Dreyfuss has already become a fifth book in the series of business literature that was translated into Russian with the help and financial support of IFD Kapital.
The book is about the largest disaster of hedge fund Amaranth Advisor, which had about $9 billion in assets at its peak. However, in September 2006 it completely collapsed only in a few weeks. The investigation held by Barbara Dreyfuss, analyst from Wall Street, reconstructs historical context of those events and also presents psychological portraits of two main heroes - Brian Hunter and John Arnold, young and ambitious traders.
Columnists of the largest business publishing houses about «Hedge Hogs»:
«Regulators, legislators and judges inclined to sympathize with the industry ought to rush out and buy a copy of Barbara Dreyfuss’s Hedge Hogs, a wonderfully instructive tale about Amaranth Advisors. . . . Dreyfuss, a Wall Street analyst turned investigative journalist, not only plowed through what turned out to be a treasure trove of official records and transcripts, but supplemented it with plenty of her own reporting. She manages to organize it all into a tight, riveting and understandable yarn” – Washington Post
«Clearly and entertainingly told . . . a salutary example of how traders who believe they are super-smart might be nothing more than lucky, and how there is nothing so intoxicating as the ability to speculate with other people’s money» – Economist
«[Dreyfuss] does a great job of putting Amaranth’s out-of-control trader into historical context, explaining the blitz of deregulation that set the stage for someone like Hunter to do maximum damage.» – Bloomberg
The book got into Top-10 Business & Economics Books by Publishers Weekly.
King of Capital. David Carey and John E. Morris
Crash of the Titans. Greg Farrell
“Crash of the Titans” is a financial thriller, based on journalistic investigation of the story about the largest financial crisis - the story of Merrill Lynch's collapse.
Based on the unique source of Merrill Lynch and Bank of America the book of Greg Farrell opens the inner world of one of the largest company from the Wall Street, the company that can be called an American dream of stock market. Greg Farrell describes the actions of real people who are responsible for billions of borrowed dollars, their reckless games for increasing impact and bonuses, their actions and decisions, which became a cause of American legends’ collapse and destruction of the American economy.
«Farrell weaves his facts into a story...piling detail upon detail to sketch the inner
Lords of Finance: the Bankers who Broke the World. Liaquat Ahamed
“Sand castles of Wall Street”. Kurt Eihenvald
In 2009 “IFD Kapital” found, translated and published the book of the world famous journalist Kurt Eihenvald “Sand Castles of Wall Street” in Russia. The story of the greatest fraud” (original title “Serpents on the rock”). The theme of the book, the studying of fraud in the field of private investment, has been extremely relevant in 2009.
One of the top financial journalists of US, a reporter for the New York Times Kurt Eihenvald “Sandcastles of Wall Street”, dedicated his book to one of the greatest scandals that ever shook the financial world of America - the story of the rise and fall of the company Prudential-Bache Securities, which was established in 1944.
The book went on sale in a wide national network of used-book stores in mid-December 2009. All copies of the book had been sold out by April 2010; negotiations on printing additional copies are in full swing now.
All Russian business media are interested in Kurt Eihenvald’s book.
“In order to thoroughly reconstruct the story of rise and fall of Prudential-Bache Securities, Kurt Eihenvald carried on great research work, which was based on hundreds of interviews, documents and certificates. Unrevealing the knot of intrigues, in which the company's management wallowed , the author comes to the disappointing conclusion that the case of Pru-Bache was obvious but unnoticed alarm, the evidence of corrosion, gradually corroding the corporate world of America” - Ivan Pishchikov, “Russian Business Newspaper” dated March 16, 2010.
“This story tells us how problems in management, continuous lie to investors, as well as the reduction of ethical standards within the company ended in disaster. As a result the book became a great manual how to learn from the mistakes of others” - Konstantin Milchin, “Vedomosti” newspaper dated February 5, 2010.
“It is like a detective with a fascinating story. Or a scientific monograph with carefully verified list of sources and opinions of experts. In this case, the belles-lettres style of presentation is not obstructive but even justified - after all Eihenvald was one of the main characters in the scandal, investigating it on the pages of “The New York Times”, - “Secret Firmy” magazine dated March 8, 2010.
“It is noteworthy that unlike the majority of authors who exploit the current topic, Eihenvald does not overload the reader with special terms but explains everything popularly” – “Profile” magazine dated December 28, 2009.
“Chronicles of art life of Russia during the period of economic crisis. Comparative analysis experience”
Within the social program of “IFD Kapital” on cultural support they issued the book on the Russian art history for the last 10 years.
Fundamentally the catalogue, named “Chronics of art life of Russia during the period of economic crisis. Comparative analysis experience” is an idea to lead a comparative culturologic analysis of the two essential periods of the modern economical history – the years 1998 and 2008. On the basis of findings of art-business experts a chronological hubrid was constructed in which there is an interaction of three subjects: society-money-art.
The acknowledged experts of modern Russian art took part in creation of this catalogue. The texts were written by the editor in chief of “Artchronica” magazine Nikolay Molok, archive files were presented by the “Art projects” Foundation, “Sotheby's” auction house and “Ogilvy SPN Russia” agency.
In the preface Nikolay Molok writes: “Looking back to 1998 it becomes clear that the growth of Russian art with the pick in 2008 began 10 years ago. If the statement that crisis gives the new is correct, I want to believe that the same will happen as a result of 2008 crisis”.
The President of “IFD Kapital” Olga Plaksina is speaking about the project: “During passed 10 years Russia accomplished a great leap both in economics and art-business. But according to Sotheby's auction house the difference in Russian sales in London in 1998 and 2008 exceeded 20-fold rate. In the project “98 +10” we tried to show briefly what changes are hiding behind the figures, reflecting the market growth of Russian art in this period”.
The catalogue was not intended for public sale and distributed in cooperation with the Award in the field of national contemporary art, “Kandinsky award”. The guests of “Kandinsky Award” ceremony took the project with great curiosity.
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