The collapse of Long-Term Capital Management (LTCM) back in 1998, was one of the biggest failures Wall Street has ever seen. Q3 2019 hedge fund letters, conferences and more The giant hedge fund had over $120 billion of assets at the time of its collapse, and its credit exposure was so far-reaching that the US Federal Reserve Board felt compelled to organize a rescue. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. The Fed ultimately organized a 16 member creditor consortium that put up $3.6 billion…
Warren Buffett On Long-Term Capital Management’s Failure
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk