Long-Term Capital Management

Financial markets - hedge funds - contagion - US - 1998.

(LTCM).

Long-Term Capital Management was a highly leveraged hedge fund established in the US in 1994 and wound up in 2000.

It nearly collapsed in September 1998 before being rescued by a recapitalisation of US$3.65 billion, supervised by the US Federal Reserve.

See also

• Confidence
• Contagion
• Federal Reserve
• Global Financial Crisis
• Hedge fund
• International Monetary Fund (IMF)
• Leveraged
• Recapitalise
• Russian default crisis

Other resource

• International Contagion Effects from the Russian Crisis and the LTCM Near-Collapse - Dungrey, Fry, Conzález-Hermosillo and Martin - IMF - 2002