The Hedge Fund That Was ‘Too Good’ Handed Back $2.7 Billion, Then Blew Up the Economy
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LTCM returned $2.7B to investors in late 1997 due to excess capital, then increased leverage to maintain position sizes rather than shrink bets.
Russia's August 1998 default widened spreads LTCM bet would narrow. The fun
LTCM returned $2.7B to investors in late 1997 due to excess capital, then increased leverage to maintain position sizes rather than shrink bets.
Russia's August 1998 default widened spreads LTCM bet would narrow. The fun
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