American · b. 1954
Roger Lowenstein is an American financial journalist and author best known for When Genius Failed, the definitive account of the collapse of the hedge fund Long-Term Capital Management.
Roger Lowenstein is a longtime financial journalist, formerly of The Wall Street Journal, known for lucid, deeply reported books on finance and economic history.
His When Genius Failed is the definitive account of the 1998 implosion of Long-Term Capital Management, the hedge fund run by Nobel laureates whose collapse nearly destabilized the global financial system. He also wrote Buffett, an admired biography of Warren Buffett, and books on the Federal Reserve and the 2008 crisis.
Lowenstein is recognized for making the workings—and failures—of high finance comprehensible and compelling to general readers.
by Roger Lowenstein
Long-Term Capital Management was a hedge fund run by Nobel laureates and bond-trading legends that nearly collapsed the global financial system in 1998. Lowenstein reconstructs the fund's rise — based on sophisticated arbitrage models — and its catastrophic fall when Russia defaulted and the models stopped working.
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