Long-Term Capital Management

Long-Term Capital Management L.P. (LTCM) was a hedge fund based in Greenwich, Connecticut that used absolute return trading strategies combined with high financial leverage in derivatives instruments. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron Scholes and Robert C. Merton, who shared the 1997 Nobel Memorial Prize in Economic Sciences for having developed the Black–Scholes model of financial dynamics.

Long-Term Capital Management

Long-Term Capital Management L.P. (LTCM) was a hedge fund based in Greenwich, Connecticut that used absolute return trading strategies combined with high financial leverage in derivatives instruments. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron Scholes and Robert C. Merton, who shared the 1997 Nobel Memorial Prize in Economic Sciences for having developed the Black–Scholes model of financial dynamics.