If you are interested in one of the biggest USA financial hedge fund collapses of all time where LTCM got it badly wrong- read this. Salutary reading as to how "geniuses" were proved by the markets to be wildly wrong. Slightly dense style and marginally lacks the Martin Lewis touch of readability but still very good. Amazing how LTCM got away with this for so long and blinded Wall Street through sheer self-confidence and bravura. Appropriate for 2016 when so many hedge-funds are badly underperforming and losing money. It's always that fatal combination of derivatives and gearing which ultimately prove fatal.
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