A $4.5bn hole in the hedge

Article Abstract:

The failure of a hedge fund, Long-Term Capital Management (LTCM), devised by two former professors Mryon Scholes and Robert C. Merton led to a critical situation in 14 investment banks. US Federal Reserve Chairman Alan Greenspan was forced to reduce interest rates to help the financial markets which were also in crisis. The LTCM was based on a mathematical model. It was initially very successful, it grew to $1.6 billion in 1998 from $150 million in 1994. But the economic crisis in Russia during 1998 led to its downfall. As a result the fund lost $4.5 million.

Analysis, Hedging (Finance), Hedge funds, Scholes, Myron, Merton, Robert C.

---

Loudmouthed Milton man

Article Abstract:

The controversial and outspoken academic Stanley Fish seems to have become quieter since he took over as dean at the College of Liberal Arts and Sciences, University of Illinois, Chicago. IL. Fish has written another book in 2001, which will possibly be his last.

Officials and employees, University of Illinois at Chicago, Fish, Stanley

---

Yes, boors with BO can make it

Article Abstract:

Satirical advice for academics on how to behave at Christmas parties.

United Kingdom, Humor and anecdotes, Rites, ceremonies and celebrations, Office parties

Similar abstracts:

• Abstracts: Dragon spirit alive in steel and stone. Sages with no time for Saga. Is this the final curtain for opera's tragedies?
• Abstracts: We plant seeds, but they make them grow. '15 rounds with Tyson' can be a knockout. Casting a fresh 'i' over science
• Abstracts: Assessment of progress in the general curriculum for students with disabilities
• Abstracts: A waste of good ideas. Shots in the dark; the transfer of ideas to the market. Winter is over but growth comes at a higher price
• Abstracts: When the inspectors start to call. Multiple choices. Why don't we turn the tide of plagiarism to the learners' advantage?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.