The INSANE Story of How a Hedge Fund Collapsed the Wall Street | Long Term Capital Management (LTCM)
Warren Buffett on the 'Genius' hedge fund “Long-Term Capital Management" (LTCM) (1999)
The GENIUSES' Hedge Fund: The COLLAPSE of LTCM
The Limits Of Math - Long Term Capital Management (LTCM)
Long Term Capital Management and the Role of the Federal Reserve
Long-Term Capital Management L.P. (LTCM) was a hedge fund management firm based in Greenwich, Connecticut that used absolute-return trading strategies combined with high financial leverage. The firm's master hedge fund, Long-Term Capital Portfolio L.P., collapsed in the late 1990s, leading to an agreement on September 23, 1998, among 16 financial institutions—which included Bankers Trust, Barclays, Bear Stearns, Chase Manhattan Bank, Crédit Agricole, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Paribas, Salomon Smith Barney, Société Générale, and UBS—for a $3.6 billion recapitalization (bailout) under the supervision of the Federal Reserve.