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It took LTCM five weeks to go from hero to near zero
William Hutchings
11 Aug 2008
William Hutchings
11 Aug 2008
 |
Wednesday
03 December 2008
07:18 GMT
US hedge fund Long-Term Capital Management was all but destroyed by the impact of an announcement made by Russia’s central bank early on Monday August 17, 1998, in a development that nearly sent the global financial system up in flames.
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| • | Ten years after the LTCM disaster the industry is making the same mistakes 23 Jun 2008 |