West Palm Beach (HedgeCo.net) – A new book set set in the world of hedge funds ‘This Bleeding City’, set against the global financial collapse, has been bought by Faber editorial director Walter Donohue.

It is 30-year-old City trader Alex Preston’s début novel by, described as a heartbreaking love story taking place during the credit crisis.

Donohue bought UK and commonwealth rights to ‘This Bleeding City’ from Anna Power at Johnson & Alcock. The novel (due to be published in March 2010) tells of a young graduate who secures a job at a Mayfair hedge fund and is plunged into the world of high finance.

Alex Akesson

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