Summer sale: Save 58%

Marti G. Subrahmanyam

Ex-Thomas Cook employees demonstrate in London on October 2, 2019, after delivering a petition calling on the Government to open a full inquiry into Thomas Cook's collapse and for the company's directors to pay back their bonuses. - British travel firm Thomas Cook collapsed on September 23, leaving hundreds of thousands of holidaymakers stranded and sparking the UK's biggest repatriation since World War II. (Photo by Tolga AKMEN / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images) (Tolga Akmen/AFP/Getty Images)

How hedge funds profit when big companies like Thomas Cook fail

Patrick Augustin, Marti G. Subrahmanyam