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Long Term Capital Management and the Hedge Fund Environment (1998)
January 31, 1998 | Leave a Comment
Every three or four years, the hedge fund industry just seems to find itself in trouble. It happened back in 1987, then in 1990, in 1994, and again in 1998. The major causes have been: the US stock market crash in 1987; the high yield crash in 1990; and the Fed’s interest rate hike in […]