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  2. 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. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers.

  3. Dec 19, 2023 · Long-Term Capital Management (LTCM) was a large hedge fund, led by Nobel Prize-winning economists and renowned Wall Street traders, that blew up in 1998, forcing the U.S. government to...

  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 · In September 1998, a group of 14 banks and brokerage firms invested $3.6 billion in LTCM to prevent the hedge funds imminent collapse. The arrangement was facilitated by the Federal Reserve, though the Fed did not lend any of its own funds.

  6. 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...

  7. Sep 27, 2023 · LTCM got going in 1994 with $1bn of funding, the largest hedge fund launch at the time. Believers were not disappointed, as we generated 31 per cent annual net returns in our first four...

  8. Apr 26, 2021 · Mon, Apr 26, 2021 4 min read. In this article: BRK-A. BRK-B. - By Rupert Hargreaves. Long-Term Capital Management L.P. was one of the world's most successful hedge funds for a handful...

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