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Summary:

"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"-- [Provided by publisher]

Table of Contents:

• Preface
• Introduction : hedging in and out
• From financial steward to flash boy
• Pathways to the working rich
• Getting the job
• Inside the firm
• Moving up the ranks
• Reaching the top
• View from the top
• Conclusion : picking winners and losers
• Methodological appendix : studying up.

Author/Creator:

Neely, Megan Tobias , author

Languages:

English

Language Notes:

Item content: English

Main Work:

Hedged out: inequality and insecurity on Wall Street [by Neely, M.T.]

Other Related Resources:

Print version: Hedged out [by Neely, M.T.] (Oakland, California : University of California Press, [2022] — ISBN 9780520307704; LCCN 2021013951)

Subjects:

Investment advisors — United States — Social conditions

Securities industry — Social aspects — United States

Hedge funds — United States

Equality — Economic aspects — United States

General Notes:

Includes bibliographical references and index.
Description based on print version record.

Physical Description:

1 online resource

Call Numbers:

HG4928.5 .N44 2022eb

ISBNs:

9780520973800 (ebook)
0520973801
9780520307704 (cloth) [Invalid]
9780520307711 (paperback) [Invalid]

Library of Congress Control Numbers:

2021013952

OCLC Numbers:

1246674113

Other Control Numbers:

EBC6787911 (source: MiAaPQ)
[Unknown Type]: ybp302296952