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The Fall of Peregrine: A Wall Street War Story How the Indonesian Currency Crisis Toppled a Giant

Traders Magazine, March 1998

Maureen Nevin Duffy

Late last summer, analysts were high on Peregrine Investment Holdings, a ten-year-old investment bank that grew from a specialized company to one of Asia's top stock underwriters and equity brokerages.

Anne Gardini, head of research at ABN AMRO Hoare Govett Asia in Hong Kong, noted that the firm was trading at 9.3 times forecasted 1997 earnings.

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