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When shadow banking goes rogue

Could the financial markets ever be used as a weapon of mass destruction?

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That’s the central question in Tournament of Shadows, a new financial thriller, in which a rogue nation tries to bring the US to its knees through a toxic mix of treasury market manipulation and more traditional acts of terrorism.

It’s a debut work of fiction from two well-known names in the financial markets: Michael Hyman, once one of the leading global fixed income managers at GH Asset Management; and Andrew Capon, award-winning journalist and investment editor and writer, familiar to Euromoney readers as the author of our Inside Investment column.


Hyman and Capon have crafted a fascinating tale that takes the reader on a rollercoaster ride through the worlds of finance, politics and espionage as we follow reluctant hero and fund manager Jack Romanov’s attempts to find out just who is behind influential leveraged fund JS Global. 

As you’d expect from these authors, the detail of the financial market manipulation is written with clarity. But such detail never bogs down a taut thriller that reveals itself as a real page-turner. 

Imagine that John Le Carré was a former bond trader and decided to turn his hand to a fictionalized version of The Big Short.

Tournament of Shadows, from Archway Publishing, is recommended reading. 

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