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Robert Harris - The Fear Index

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Robert Harris The Fear Index
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A chilling contemporary thriller from Robert Harris set in the competitive world of high finance.Dr Max Hoffman is a legend. A physicist once employed on the Large Hadron Collider, he now uses a revolutionary and highly secret system of computer algorithms to trade on the worlds financial markets. None of his rivals is sure how he does it, but somehow Hoffmans hedge fund -- built around the standard measure of market volatility: the VIX or Fear Index -- generates astonishing returns for his investors.Late one night, in his house beside Lake Geneva, an intruder disturbs Hoffman and his wife while they are asleep. This terrifying moment is the start of Robert Harriss new novel -- a story just as compelling and timely as his most recent contemporary thriller, The Ghost. Over the next 48 hours, as the markets edge towards another great crash, Hoffmans world disintegrates. But who is trying to destroy him?From the Trade Paperback edition.

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Contents
About the Book

His name is carefully guarded from the general public but within the secretive inner circles of the ultra-rich Dr Alex Hoffmann is a legend a visionary scientist whose computer software turns everything it touches into gold.

Together with his partner, an investment banker, Hoffmann has developed a revolutionary form of artificial intelligence that tracks human emotions, enabling it to predict movements in the financial markets with uncanny accuracy. His hedge fund, based in Geneva, makes billions.

But then in the early hours of the morning, while he lies asleep with his wife, a sinister intruder breaches the elaborate security of their lakeside house. So begins a waking nightmare of paranoia and violence as Hoffmann attempts, with increasing desperation, to discover who is trying to destroy him.

His quest forces him to confront the deepest questions of what it is to be human. By the time night falls over Geneva, the financial markets will be in turmoil and Hoffmanns world and ours transformed forever.

About the Author

Robert Harris has written seven previous novels Fatherland, Enigma, Archangel, Pompeii, Imperium, The Ghost and Lustrum . His work has been translated into thirty-seven languages. For his collaboration with Roman Polanski on the film version of The Ghost , he won both the French Csar and the European Film Award for best adapted screenplay.

A graduate of Cambridge University, where he studied English, he joined the BBC and later wrote for the Observer , the Sunday Times and the Daily Telegraph . He is a Fellow of the Royal Society of Literature.

He is married to Gill Hornby. They have four children and live in a village near Hungerford in West Berkshire.

Also by Robert Harris
FICTION
Fatherland
Enigma
Archangel
Pompeii
Imperium
The Ghost
Lustrum
NON-FICTION
A Higher Form of Killing (with Jeremy Paxman)
Gotcha!
The Making of Neil Kinnock
Selling Hitler
Good and Faithful Servant
To my family Gill Holly Charlie Matilda Sam Acknowledgements I WISH TO - photo 1
To my family
Gill,
Holly, Charlie, Matilda, Sam
Acknowledgements

I WISH TO thank all those whose expertise, generously given, has made this book possible: first and foremost Neville Quie of Citi, who made many helpful suggestions and introductions and who, along with Cameron Small, patiently helped me through the labyrinth of shorts and out-of-the-money puts; Charles Scott, formerly of Morgan Stanley, who discussed the concept, read the manuscript and introduced me to Andre Stern of Oxford Asset Management, Eli Lederman, former CEO of Turquoise, and David Keetly and John Mansell of Polar Capital Alva Fund, all of whom provided useful insights; Leda Braga, Mike Platt, Pawel Lewicki and the algorithmic team at BlueCrest for their hospitality and for letting me spend a day watching them in action; Christian Holzer for his advice on the VIX; Lucie Chaumeton for fact-checking; Philippe Jabre of Jabre Capital Partners SA for sharing his knowledge of the financial markets; Dr Ian Bird, head of the Large Hadron Collider Computing Grid Project, for two conducted tours and insights into CERN in the 1990s; Ariane Koek, James Gillies, Christine Sutton and Barbara Warmbein of the CERN Press Office; Dr Bryan Lynn, an academic physicist who worked at both Merrill Lynch and CERN and who kindly described his experiences of moving between these different worlds; Jean-Philippe Brandt of the Geneva Police Department for giving me a tour of the city and answering my queries about police procedure; Dr Stephen Golding, Consultant Radiologist at the John Radcliffe Hospital in Oxford, for advising me on brain scans and putting me in touch with Professor Christoph Becker and Dr Minerva Becker who in turn helpfully arranged a tour of the Radiological Department of the University Hospital in Geneva. None of these, of course, is responsible for the errors of fact, misguided opinions and Gothic flights of fantasy that follow.

Finally a special word of thanks to Angela Palmer, who selflessly allowed me to borrow the concept of her stunning art works and bestow them on Gabrielle Hoffmann (the originals can be seen at angelaspalmer.com), and also to Paul Greengrass, for wise advice, good friendship and the sharing of numerous Liquidity Replenishment Points along the way.

Robert Harris
11.7.11
The Fear Index - image 2
Learn from me, if not by my precepts, at least by my example, how dangerous is the acquirement of knowledge, and how much happier that man is who believes his native town to be the world, than he who aspires to become greater than his nature will allow .
M ARY S HELLEY , Frankenstein (1818)

DR ALEXANDER HOFFMANN SAT BY the fire in his study in Geneva, a half-smoked cigar lying cold in the ashtray beside him, an anglepoise lamp pulled low over his shoulder, turning the pages of a first edition of The Expression of the Emotions in Man and Animals by Charles Darwin. The Victorian grandfather clock in the hall was striking midnight but Hoffmann did not hear it. Nor did he notice that the fire was almost out. All his formidable powers of attention were directed on to his book.

He knew it had been published in London in 1872 by John Murray & Co. in an edition of seven thousand copies, printed in two runs. He knew also that the second run had introduced a misprint htat on page 208. As the volume in his hands contained no such error, he presumed it must have come from the first run, thus greatly increasing its value. He turned it round and inspected the spine. The binding was in the original green cloth with gilt lettering, the spine-ends only slightly frayed. It was what was known in the book trade as a fine copy, worth perhaps $15,000. He had found it waiting for him when he returned home from his office that evening, as soon as the New York markets had closed, a little after ten oclock. Yet the strange thing was, even though he collected scientific first editions and had browsed the book online and had in fact been meaning to buy it, he had not actually ordered it.

His immediate thought had been that it must have come from his wife, but she had denied it. He had refused to believe her at first, following her around the kitchen as she set the table, holding out the book for her inspection.

Youre really telling me you didnt buy it for me?

Yes, Alex. Sorry. It wasnt me. What can I say? Perhaps you have a secret admirer.

You are totally sure about this? Its not our anniversary or anything? I havent forgotten to give you something?

For Gods sake, I didnt buy it, okay?

It had come with no message apart from a Dutch booksellers slip: Rosengaarden & Nijenhuise, Antiquarian Scientific & Medical Books. Established 1911. Prinsengracht 227, 1016 HN Amsterdam, The Netherlands. Hoffmann had pressed the pedal on the waste bin and retrieved the bubble wrap and thick brown paper. The parcel was correctly addressed, with a printed label: Dr Alexander Hoffmann, Villa Clairmont, 79 Chemin de Ruth, 1223 Cologny, Geneva, Switzerland. It had been dispatched by courier from Amsterdam the previous day.

After they had eaten their supper a fish pie and green salad prepared by the housekeeper before she went home Gabrielle had stayed in the kitchen to make a few anxious last-minute phone calls about her exhibition the next day, while Hoffmann had retreated to his study clutching the mysterious book. An hour later, when she put her head round the door to tell him she was going up to bed, he was still reading.

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