株式会社極東書店トップ＞商品一覧＞ Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It.

商品詳細

Name: Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It.
Author: Dunbar, Nicholas
ISBN: 978-0-471-89999-0

Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It.

・ISBN 978-0-471-89999-0 hard

絶版

お気に入り ★★★

お問い合わせ

著者・編者	Dunbar, Nicholas,
出版社	(Wiley, US)
出版年月	2000
ページ数	245 pp.
言語	ENG
ニュース番号	＜260-5081 250-8437＞

解説

LTCM (Long-Term Capital Management) - a portmfolio of bonds worth $100 billion - owned 5% of the global interest rate swap market plus other derivatives, it had a notional value of $1 trillion. The people involved in the LTCM were the "dream team": Robert Merton and Myron Scholes (both Nobel Prize winners for their work on option pricing), John Meriwether (the former vice-chairman of Salomon Brothers and one-time Wall Street star of bond trading), and David Mullins (ex-Harvard Business School Professor and previously vice-chairman of the Federal Reserve). Even with all this financial expertise, in September 1998, LTCM collapsed, making financial headline news across the world and requiring 14 investment banks to provide $3.6 billion in cash to stop the fund going under and dragging each of them down as well.