Merton went on to co-found hedge fund Long-Term Capital Management
However, ultimate long-term capital management
plans and tolerance for debt leverage are likely to be at a lower level.
That was followed by the collapse of Long-Term Capital Management
in the late 1990s, and especially given that this was a firm driven by the brains of some of the most widely respected finance academics, it was not a subject many talked about with anything other than admirable awe in the years before.
A decade later, we experienced the near economic meltdown of the hedge fund Long-Term Capital Management
, which operated under almost no regulation.
Health care company Aetna (NYSE:AET) disclosed on Friday the launch of a reinsurance arrangement with Vitality Re VIII Limited under its long-term capital management
The most well-known example is the 1998 failure of Long-Term Capital Management
, a fund with $4 billion in net assets under management but over $125 billion in gross assets, and over $1 trillion in gross exposures before its failure.
'As part of our long-term capital management
strategy, we are pleased to announce our exit from the SBLF program,' said Christopher R.
What made this particular fund, Long-Term Capital Management
, stand out was its impressive roster of both brilliant academics and highly successful Wall Street traders.
Think of the past decades -- the Long-term Capital Management
bailout, the dotcom bubble, the aftermath of the dotcom bubble, the housing bubble and finally, the "rescue" of the economy in the wake of the financial crisis.
Some see the move in gold as a possible flashpoint for a broader economic and markets shock comparable to the collapse of hedge fund Long-Term Capital Management
in 1998 and even the financial crisis a decade later.
The trickle-down effect from the fall of the Asian Tigers did not end there, for it also contributed to the 1998 Russian financial crisis, which in turn caused Long-Term Capital Management
in the US to collapse, after losing $4.6 billion in four months.
He was at one time employed at Long-Term Capital Management
, a hedge fund whose 1998 collapse nearly caused a global crisis.