
1970
Biography
by
Bert Cantor
Biography chronicling the dramatic rise and fall of Bernard “Bernie” Cornfeld, who built Investors Overseas Services (IOS) into a multibillion-dollar offshore fund-of-funds empire in the 1960s. Traces his path from immigrant social worker in the U.S. to flamboyant financier in Switzerland, pioneering aggressive sales and marketing tactics, which led to rapid international growth. The book reveals deep structural flaws in IOS that ultimately led to a spectacular collapse.
Buy a CopyJuly 2025
A Short History of Financial Euphoria by John Kenneth Galbraith mentioned IOS and Cornfeld—that led me to this book. Inside look at how one of the first and biggest fund-of-funds worked. IOS blew up after interest rates rose, macro conditions shifted, and the business was mismanaged. Read 1970 hardcover.
