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Long-Term Capital Management

COMPANY

Hedge fund, founded 1994. After substantial growth in its first few years, it suffered an astonishing loss of $4.6B in 1998, causing a bailout coordinated by the Federal Reserve in order to prevent a panic. The firm folded in 2000.

Industry:
Private Equity

Corporate headquarters:
Greenwich, CT

EXECUTIVES

NameOccupationBirthDeathKnown for
John W. Meriwether
Business
10-Aug-1947   Long-Term Capital Management
Robert C. Merton
Economist
31-Jul-1944   Risk management and options
David W. Mullins
Business
28-Apr-1946   Vice Chairman of the Fed, 1991-94
Myron S. Scholes
Economist
1-Jul-1941   Black-Scholes options pricing model




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