Inventing Money by Nicholas Dunbar

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Inventing Money by Nicholas Dunbar

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.

SKU	Unavailable
ISBN 13	9780471899990
ISBN 10	0471899992
Title	Inventing Money
Author	Nicholas Dunbar
Condition	Unavailable
Binding Type	Hardback
Publisher	John Wiley and Sons Ltd
Year published	1999-11-08
Number of pages	262
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable