Bio
Liaquat Ahamed
Liaquat Ahamed is an investment manager and author of the best seller Lords of Finance: The Bankers Who Broke the World, about the lead-up to the Great Depression. The book won the 2010 Pulitzer Prize for History, the Council on Foreign Relations Arthur Ross Gold Medal for 2010, the 2009 Financial Times-Goldman Sachs Best Business Book of the Year, and was selected by The New York Times and TIME magazine as one of their top ten books of 2009.
Ahamed has been a professional investment manager for 25 years; he has worked at the World Bank and the New York-based partnership of Fischer Francis Trees and Watts, where he served as chief executive. He is currently an adviser to several hedge fund groups including the Rock Creek Group and the Rohatyn Group; he is a director of Aspen Insurance Co., and serves on the boards of trustees of the Brookings Institution and the New America Foundation.
Encyclopædia Britannica Article
- finance
Process of raising funds or capital for any kind of expenditure. Consumers, business firms, and governments often do not have the funds they need to make purchases or conduct their operations, while savers and investors have funds that could earn interest or dividends if put to productive use. Finance is the process of channeling funds from savers to users in the form of credit, loans, or invested capital through agencies including commercial banks, savings and loan associations, and such nonbank organizations as credit unions and investment companies. Finance can be divided into three broad areas: business finance, personal finance, and public finance. All three involve generating budgets and managing funds for the optimum results. See also corporate finance.
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