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  1. Dec 19, 2023 · Long-Term Capital Management - LTCM: Long-term capital management (LTCM) was a large hedge fund , led by Nobel Prize-winning economists and renowned Wall Street traders, which nearly collapsed the ...

  2. Investment management. Long-Term Capital Management L.P. ( LTCM) was a highly leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. [1]

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  4. Jan 27, 2022 · Long-Term Capital Management was a massive hedge fund with $126 billion in assets. It almost collapsed in late 1998. If it had, that would have set off a global financial crisis. LTCM's success was due to the stellar reputation of its owners. Its founder was a Salomon Brothers trader, John Meriwether.

    • Kimberly Amadeo
  5. Nov 22, 2013 · by Michael Fleming and Weiling Liu, Federal Reserve Bank of New York. On September 23, 1998, a group of fourteen banks and brokerage firms invested $3.6 billion in Long-Term Capital Management L.P. (LTCM) to prevent the firm’s imminent collapse. The capital infusion forestalled a fire sale of LTCM assets into already turbulent markets and ...

  6. Sep 25, 2023 · The Long-Term Capital Management collapse—which led to an unprecedented rescue by the Fed—was 25 years ago. Heard on the Street revisited that crisis with a three-part series that wrapped up ...

  7. Jul 10, 2014 · The demise of the firm, Long-Term Capital Management (LTCM), was swift and sudden. In less than one year, LTCM had lost $4.4 billion of its $4.7 billion in capital. The entire story is recounted ...

  8. Apr 26, 2021 · Long-Term Capital Management L.P. was one of the world's most successful hedge funds for a handful of years. Founded in 1994 by John Meriwether, the former vice chairman and head of bond trading ...

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