Pi Drinks Reception and Book Launch with Gregory Zuckerman, renowned Wall Street Journal columnist and author of The Greatest Trade Ever
Monday 22nd March 6:30pm, Hyde Park Corner

To mark the official UK launch of Gregory Zuckerman’s The Greatest Trade Ever: How John Paulson Bet Against The Markets and Made $20 Billion, Pi Capital is delighted to be hosting a drinks reception at the Lanesborough Hotel.

Gregory Zuckerman is a senior writer at the Wall Street Journal where he pens the ’Heard on the Street’ column.  Zuckerman appears on CNBC twice a week to explain complex trades.  He is a two-time winner of the Gerald Loeb Award for coverage of the credit crisis, the demise of WorldCom, and the collapse of hedge fund Amaranth Advisors, and he is a recipient of other awards.  He wrote The Greatest Trade Ever with the exclusive co-operation of the highly secretive Paulson.  Back in 2006, Paulson realised that the housing market was vastly overstretched.  As house prices began to falter and the financial system collapsed, Paulson reaped the rewards.  In a single morning in late 2007 Paulson made $1.25bn from a five-point fall in the markets.  

Michael Lewis, author of Liar’s Poker, says: ’Greg Zuckerman was the first to tell the world about John Paulson’s sensational trade… He’s written the definitive account of a strange and wonderful subplot of the financial crisis.’

John Helyar, author of Barbarians at the Gate, says: ’Zuckerman takes us to Wall Street’s heart of darkness, where mushroomed a $1 trillion subprime mortgage market that only the few, the brave, the smart dared short. This is at once a great page-turner and a great illuminator of the market’s crash.’

Mohamed El-Erian, CEO of Pacific Investment Management Co and author of When Markets Collide, says: ’Much, much more than a brilliant account of Paulson’s trade of the century; this book also provides a highly enjoyable and lucid journey through the analytical and emotional maze that constituted the financial markets on the eve of the Great Recession. Compulsory reading.’

Malcolm Gladwell  says ’Simply terrific. Easily the best of the post-crash financial books.’

If you would like to attend please RSVP to Philippa Whitehouse

pw@picapital.co.uk

020 7529 5662