Critically Acclaimed ‘Don’t Blame the Shorts’ Now Available in Book Stores

NEW YORK, Dec. 17 /PRNewswire/ — The critically acclaimed Don’t Blame the Shorts: Why Short Sellers Are Always Blamed for Market Crashes and How History Is Repeating Itself (McGraw-Hill), written by Robert Sloan, a Wall Street veteran and managing partner of S3 Partners, is now available in major bookstores throughout the United States. The book will be released internationally in January 2010.

As a hedge fund industry expert and student of financial history, Mr. Sloan knows how today’s politics and regulatory pressures could impact capital markets. “The Securities and Exchange Commission, FSA and EU will certainly propose new rules in 2010. Based on historical precedent, short selling will be a likely target,” said Mr. Sloan.

Unlike any of the current books concerning the credit crisis, Mr. Sloan taps into the cultural, political and historical reasons why the forces of speculation on Wall Street and proponents of populism on Main Street clash over financial products and vehicles, the latest of which is short selling. Sloan explores the systemic and symbolic role short selling plays in making financial markets less opaque, more accountable, and therefore stronger. Essentially, short selling is not what ails our equities trading markets, but what keeps them honest.

With over 20 years of Wall Street experience, Mr. Sloan is an expert in hedge funds, regulation and short selling. Prior to founding S3 Partners in 2003, Mr. Sloan was a managing director, the global head of prime brokerage, equity finance and Delta One products at Credit Suisse First Boston. He was also a member of both the securities division operating committee and the product managers committee. In addition, he has also founded and chaired the CSFB/Tremont Hedge Fund Index, as well as worked at Lehman Brothers in the equity derivatives and central funding unit. Mr. Sloan serves as a member of the board for MF Global Ltd., the world’s largest exchange traded derivatives broker.

Praise for Don’t Blame the Shorts includes:

“Robert Sloan manages to go the distance in “Don’t Blame the Shorts…because his book is as much about historical tensions between Washington and Wall Street as the practice of short selling. It is a brave act to take on anti-finance populists at this time.”

–John Plender, senior editor and columnist, Financial Times

“A must-read for students, observers, and participants in the capital markets’ system.”

–Meredith Whitney, CEO, Meredith Whitney Advisory Group, LLC

“A must-read for anyone who wants Washington to start enacting smart regulations instead of more counterproductive ones.”

–Robert E. Wright, author of One Nation Under Debt and Nef Family Chair of Political Economy, Augustana College

“Bob Sloan’s defense of short selling as necessary to an honest securities market is articulate, compelling and should be required for regulators, investors and those who write about them.”

–Stanley S. Arkin, founding member and senior partner, Arkin Kaplan Rice LLP

“Sloan digs through the archives to discover that the debate goes back well beyond the Great Depression and reveals recurring tensions between populism and capitalism, rural and urban America — and, of course, between Main Street and Wall Street.”

–Neil Wilson, columnist, Absolute Return + Alpha

“I liked this book. It was short and to the point and very well researched. As we are living in an era of history repeating itself, Mr. Sloan depicts the negative market psychology that has transcended Wall Street since the birth of our nation.”

–Ted Stamas, Instablog

About Robert Sloan and S3 Partners

Robert Sloan is the managing partner of S3 Partners, LLC, a New York and London-based firm that reduces counterparty risk and prime brokerage costs for its hedge fund clients, which he founded in 2003. S3 Partners is a financing specialist firm dedicated to helping its hedge fund clients optimize and best manage prime broker relationships. S3 Partners provides portfolio-critical price discovery and best execution for financing services for its hedge fund clients. S3 Partners’ team of expert professionals has over 200 years of combined experience at the most senior levels at major sell- and buy-side firms. Areas managed by S3 Partners include asset protection, securities lending, margin and leverage, collateral management, counterparty selection and optimization, cash management, Delta One and derivatives, and term financing.

Primarily based in New York, Mr. Sloan will be interviewing in Washington, D.C. January 7th and in London January 13th -15th.

SOURCE S3 Partners, LLC