Long Term Capital Management

• Hedge Funds: Still Risky Business

  By Staff Writer  |  October 16, 2006

  Despite Amaranth's $6-billion one-week loss in September, the largest in hedge fund history, industry sources agree that the effect was little more than a blip. The fund did not default on any of its counterparty obligations, and the impact on global financial systems was essentially negligible. However, the sheer size...

• Maymin: Can Campaign and Manage Funds Too

  By Staff Writer  |  July 24, 2006

  GREENWICH, Conn. (HedgeWorld.com)--Maymin Capital Management LLC is a father and son hedge fund management firm. The father is Zak Maymin, who came to the United States with his family from Russia (then still part of the Soviet Union) in 1980. "He got his Ph.D. in math from the Massachusetts Institute...

• Property Management

  By James Picerno  |  July 1, 2006

  Financial engineering is entering middle age, but its impact on investing is only just beginning. That's good news for those who embrace the expanding array of...

• Bernanke: Counterparty Risk Management Suits Hedge Funds Fine

  By Staff Writer  |  May 22, 2006

  SEA ISLAND, Ga. (HedgeWorld.com)--Market oversight of hedge funds has limited the spread of systemic risk, and a regulatory database of hedge fund positions to gauge market risk is both unnecessary and unrealistic, Benjamin Bernanke said in his first public comments on hedge funds since taking over as chairman of the...

• No New Hedge Fund Regs, For Now

  By Elizabeth D. Festa  |  May 19, 2006

  Legislators prefer private sector discipline

• Spectre of LTCM Prompts Liquidation Studies

  By Staff Writer  |  May 2, 2006

  LONDON (HedgeWorld.com)--The liquidation of Long-Term Capital Management after the Russian government defaulted on its rouble-denominated debt is a chilling reminder for any hedge fund investor of what can happen when a bold strategy goes catastrophically wrong. It is thus unsurprising that a whole body of literature is emerging to analyse...

• The Chilling Effect of Rumors

  By Staff Writer  |  June 1, 2005

  This year marks the seventh anni-versary of the Long-Term Capital Management meltdown, but the shadow cast by the collapse of the highly leveraged bond hedge...

• IMF Sees Vigilance by Brokerages and Hedge Fund Investors as Best Defense

  By Staff Writer  |  January 24, 2005

  NEW YORK (HedgeWorld.com)--Excessive leverage by hedge funds could threaten the world financial system ? la the Long-Term Capital Management affair, but more regulation is not necessarily the right approach, said International Monetary Fund official Hung Q. Tran. He was speaking last week at a panel organized by 100 Women in...

• Death by Comet

  By Staff Writer  |  October 12, 2004

  "You never know what is enough, until you know how much is more than enough" -William Blake Someone once told me Myron Scholes said the folks at Long-Term Capital Management thought they had their risk buttoned down. In their minds, they were walking down Madison Avenue, eyes trained on the...

• William Jennings Bryan Reborn: Bimetallism Today

  By Staff Writer  |  September 27, 2004

  JUPITER, Fla. (HedgeWorld.com)-Recent allegations of long-term manipulation of the price of gold and its derivatives bear striking similarities to somewhat older theories about manipulation of the price of silver and its derivatives, and both sets of theorists have noticed. James Cook publishes the James Cook Market Update and maintains a...