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Breakingviews TV: Revisiting LTCM

Wednesday, August 15, 2018 - 05:50

Market turmoil after Russia defaulted 20 years ago exposed the hedge fund’s excessive leverage, causing its collapse. Antony Currie and Rob Cox explain how the banks that bailed out LTCM forgot its lesson, copied its mistakes and set the stage for the 2008 crisis.

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Market turmoil after Russia defaulted 20 years ago exposed the hedge fund’s excessive leverage, causing its collapse. Antony Currie and Rob Cox explain how the banks that bailed out LTCM forgot its lesson, copied its mistakes and set the stage for the 2008 crisis.

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Breakingviews TV: Revisiting LTCM

Wednesday, August 15, 2018 - 05:50