When Genius Failed: The Rise and Fall of Long-Term Capital Management

By R. Lowenstein. 2000

303 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/23b94496113b3d8d61805f70bba4100c5af5efe1

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Citations in the corpus

Resilience Management in Social-ecological Systems: a Working Hypothesis for a Participatory Approach (2002, background): “The failure of "Long-term Capital Management" is an example (Lowenstein 2000).”
Long-Term Capital Management and the sociology of arbitrage (2003, background): “LTCM’s crisis has provoked widespread comment – for example, books by Dunbar (2000) and Lowenstein (2000) – and even features in a novel (Jennings 2002).”
The Impact of Collateralization on Swap Rates (2007, background): “4 When LTCM was going under, John Meriwether apparently said that if the firm survived, “I guess we would call ourselves ‘No-Haircut Capital Management”’ (Lowenstein (2000), p. 177). collateralization (p. 13).”
From dissonance to resonance: cognitive interdependence in quantitative finance (2012, unknown): “These include the market crash of 1987, the crisis of Long-Term Capital in 1998 and the hedge fund ‘mini-crash’ of August 2007 (see Dunbar, 2000; Jorion, 2000; Khandani & Lo, 2007; Lowenstein 2000; MacKenzie, 2006; MacKenzie & Millo, 2003).”
The Emergence of Global Systemic Risk (2015, background): “Only the aggressive intervention of the Federal Reserve Bank of New York and the cooperation of the world’s largest investment banks were able to contain the fallout (Lowenstein 2000).”
Repairing and Enhancing Trust: Approaches to Reducing Organizational Trust Deficits (2010, background): “Yet, as one journalist colorfully put it, all of that apparent “genius” failed dramatically (Lowenstein, 2001), and when it failed, trust fell with it.”
Risk and Return in Fixed Income Arbitrage: Nickels in front of a Steamroller? (2006, unknown): “For example, Lowenstein (2000) reports that LTCM lost more than $1.3 billion in volatility arbitrage positions prior to the fund’s demise in 1998.”
Statistical Models and Methods for Financial Markets (2008, background): “Imbi Traat: imbi.traat@ut.ee Institute of Mathematical Statistics, University of Tartu 2 Liivi Str., 50409 Tartu, Estonia”