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Hedged out : = inequality and insecu...

Neely, Megan Tobias.

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Hedged out : = inequality and insecurity on Wall Street /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Hedged out :/ Megan Tobias Neely.
Reminder of title:	inequality and insecurity on Wall Street /
Author:	Neely, Megan Tobias.
Published:	Oakland, Calif. :University of California Press, : c2022.,
Description:	xix, 316 p. :ill. ;24 cm.
[NT 15003449]:	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.
Subject:	Investment advisors - Social conditions. - United States -
ISBN:	9780520307704 :

Hedged out : = inequality and insecurity on Wall Street /
Neely, Megan Tobias.

Hedged out :inequality and insecurity on Wall Street /Megan Tobias Neely. - Oakland, Calif. :University of California Press,c2022. - xix, 316 p. :ill. ;24 cm.

Includes bibliographical references (p. 277-304) and index.

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.

"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"--

ISBN: 9780520307704 :US28.95

LCCN: 2021013951Subjects--Topical Terms:

3565683
Investment advisors
--Social conditions.--United States

LC Class. No.: HG4928.5 / .N44 2022

Dewey Class. No.: 332.6/20973

Hedged out : = inequality and insecurity on Wall Street /
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260 # $a Oakland, Calif. : $b University of California Press, $c c2022.
300 $a xix, 316 p. : $b ill. ; $c 24 cm.
504 $a Includes bibliographical references (p. 277-304) and index.
505 0 # $a 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.
520 # $a "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"-- $c Provided by publisher.
650 # 0 $a Investment advisors $z United States $x Social conditions. $3 3565683
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650 # 0 $a Hedge funds $z United States. $3 828242
650 # 0 $a Equality $x Economic aspects $z United States. $3 855413