Long-Term Capital Management
Companieshedge-funds
The Nobel-laureate arbitrage fund whose 1998 collapse forced a Fed-brokered bank rescue and became the standard parable of leverage.
8 books · 4 people behind it
Start here
- When Genius Failed: The Rise and Fall of Long-Term Capital ManagementRoger Lowenstein, 2000
- Liar's PokerMichael Lewis, 1989
- Inventing Money: The Story of Long-Term Capital Management and the Legends Behind ItNicholas Dunbar, 1999
The people behind it 4
Each person holds a book in this entry or names it in their own tags.
Journalists 4
Michael Lewis1 book hereRL
Roger Lowenstein1 book hereSM
Sebastian Mallaby1 book hereSP
Scott Patterson1 book hereBooks 8
T1 Liar's Poker
Michael Lewis · 1989 · Meriwether's Salomon arbitrage desk, where the whole partnership came from.
Roger Lowenstein · 2000 · The canonical account.
Sebastian Mallaby · 2010 · Places LTCM in the hedge-fund lineage and judges what it proved.
Nicholas Dunbar · 1999 · More technical on the trades and the option-pricing lineage.
Perry Mehrling · 2005 · The option-pricing theory the fund's Nobel laureates were trading on.
Richard M. Bookstaber · 2007 · Risk-manager's view; LTCM as one case among several.
T2 The Quants
Scott Patterson · 2010 · The intellectual line from LTCM to the 2007 quant unwind.
President's Working Group on Financial Markets · 1999 · Primary source: the official post-mortem.