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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 .
Dec 19, 2023 · Learn about LTCM, a hedge fund that collapsed in 1998 due to massive losses from Russia's debt default. Find out how the U.S. government arranged a bailout to prevent a global financial crisis.
Jan 27, 2022 · Learn how a $126 billion hedge fund collapsed in 1998 and triggered a global financial crisis. Find out the causes, cures, and consequences of the LTCM crisis and its connection to the 2008 financial crisis.
- Kimberly Amadeo
Feb 4, 2024 · The Russian Debt Crisis in 1998 was widely considered the chief reason for the Long-term Capital Management collapse. The LTCM crisis highlighted the potential risks associated with highly leveraged investment strategies and raised concerns about the interconnectedness of financial institutions.
A recap of 'When Genius Failed', the book detailing the horrific collapse of Long-Term Capital Management back in 1998.
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...
Nov 22, 2013 · 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 instead allowed for an orderly liquidation of the hedge fund ...
