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Profile: Long-Term Capital Management (LTCM)
a.k.a. Long-Term Capital
Long-Term Capital Management (LTCM) was a participant or observer in the following events:
John Meriwether, formerly of Salomon Brothers, starts the process of collecting talented individuals to form a team to head a new hedge fund based on arbitrage deals surrounding government bonds. The “new” model will pull from George Soros’ Quantum fund tactics and high-level academic consultants to achieve possible gains in derivatives off fluctuations in the valuation of the government bonds. The fund will start with a $2-3 billion dollar investment fund, which, from its inception, will be managed by “some of Wall Street’s best traders and some of academia’s most influential minds.” [New York Times, 9/15/1993]
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