Abstract
This chapter provides an analysis first of the bailout of Long-Term Capital Management in 1998, then of the role of hedge funds in the worst financial crises of recent times. This chapter will thus describe another side of the hedge fund industry; hedge funds have faced difficulties and have also been impacted by crisis periods; in some cases, they have even had an impact on the financial industry as a whole.
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© 2013 Daniel Capocci
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Capocci, D. (2013). Hedge Funds, LTCM and Recent Crises. In: The Complete Guide to Hedge Funds and Hedge Fund Strategies. Global Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1057/9781137264442_5
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DOI: https://doi.org/10.1057/9781137264442_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-44303-1
Online ISBN: 978-1-137-26444-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)