A good illustration of the risk of DLC arbitrage is the position in Royal Dutch Shell — which had a DLC structure until 2005 — by the hedge fund Long-Term Capital Management ( LTCM, see also the discussion below ).

Long-Term Capital Management ( LTCM ) lost 4. 6 billion U. S. dollars in fixed income arbitrage in September 1998.

Organizations such as the National Bureau of Economic Research and the European Central Bank have charged that hedge funds pose systemic risks to the financial sector, and following the failure of hedge fund Long-Term Capital Management ( LTCM ) in 1998 there was widespread concern about the potential for systemic risk if a hedge fund failure led to the failure of its counterparties.

* Long-Term Capital Management

The firm's master hedge fund, Long-Term Capital Portfolio L. P., collapsed in the late 1990s, leading to an agreement on September 23, 1998 among 14 financial institutions for a $ 3. 6 billion recapitalization ( bailout ) under the supervision of the Federal Reserve.

The crucial test of this flexible response by the Federal Reserve was the Asian financial crisis of 1997-1998, which the Federal Reserve met by flooding the world with dollars, and organizing a bailout of Long-Term Capital Management.

: Lay calls O ' Neill again, comparing Enron to Long-Term Capital Management.

In 1993, Merton co-founded a hedge fund, Long-Term Capital Management, which earned high returns for several years but later lost $ 4. 6 billion in 1998 and was closed in early 2000.

Category: Long-Term Capital Management

Category: Long-Term Capital Management

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

The geniuses who invented the pyramid of derivatives at Long-Term Capital Management were awarded the Nobel Prize for their cleverness, not long before the whole edifice came crashing down with the financial community digging deep into its pockets to prevent too much collateral damage.

Meriwether founded the Long-Term Capital Management hedge fund in Greenwich, Connecticut in 1994.

Long-Term Capital Management spectacularly collapsed in 1998.

The books When Genius Failed: The Rise and Fall of Long-Term Capital Management and Inventing Money: The story of Long-Term Capital Management and the legends behind it detail the events leading up to and following Long-Term Capital Management's demise.

* Case Study: Long-Term Capital Management

Brooksley Born resigned on June 1, 1999, and later commented the failure of Long-Term Capital Management and the subsequent bailout as being indicative what she had been trying to prevent.

Second, after the 1998 CFTC “ concept release ” controversy arose, Long-Term Capital Management ( LTCM ) became headline news with the near collapse of a hedge fund it managed.

( Wolfe came up with the revised occupation after spending a day on the government-bond desk of Salomon Brothers, with many of the traders who later founded the notorious hedge fund Long-Term Capital Management ) Wolfe researched and revised for two years.

The School of Health Sciences and Practice also offers graduate certificates in the following areas: Global Health, Public Health, Certified Health Education Specialist ( CHES-accredited ), Industrial Hygiene, Management of Long-Term Care Facilities, Children with Special Health Care Needs ( Center on Disability and Health ), and Emergency Preparedness ( Center for Disaster Medicine ).

*< cite id = stemorr95 > F R Stephenson, L V Morrison ( 1995 ), " Long-Term Fluctuations in the Earth's Rotation: 700 BC to AD 1990 ", Royal Society ( London ), Philosophical Transactions, Series A ( ISSN 0080-4614 ), vol. 351 ( 1995 ), # 1695, pp. 165 – 202 .</ cite >

* Statement of Dan L. Crippen: Social Security: Long-Term Budget Implications, before the Committee on the Budget, U. s. House of Representatives.

* Magharebia. com: News and Views of the Maghreb article on Couscous: Couscous: Long-Term Maghreb Staple Still Going Strong

Slovakia's plan for defense reform is the Force 2015 Long-Term Plan, which strikes a balance between requirements and resources and which envisions a professionalized, combat-capable force of 22, 000 uniformed personnel by 2009.

From 1987 to 1988, he worked on the U. S. National Security Council – Defense Department Commission on Integrated Long-Term Strategy.

* Long-Term Consequences of Castration in Men: Lessons from the Skoptzy and the Eunuchs of the Chinese and Ottoman Courts, The Journal of Clinical Endocrinology & Metabolism December 1, 1999 vol.

Ruskin College is among the eight non-university institutions whose members are eligible for Long-Term Temporary Membership in the Oxford Union.

Long-Term Capital Management ( LTCM ) was bailed out by a consortium of 14 banks in 1998 after being caught in a cash-flow crisis when economic shocks resulted in excessive mark-to-market losses and margin calls.

Lowenstein ( 2000 ) describes arbitrage positions of Long-Term Capital Management ( LTCM ) in Royal Dutch / Shell.

Even developed markets in North America and Europe were affected, as the relative prices of financial instruments shifted and caused the collapse of Long-Term Capital Management ( LTCM ), a large U. S. hedge fund.

In the 1998 book The Shape of the River: Long-Term Consequences of Considering Race in College and University Admissions, authors William G. Bowen, former Princeton University president, and Derek Bok, former Harvard University president, found " the overall admission rate for legacies was almost twice that for all other candidates.

Smitherman was named to cabinet as Minister of Health and Long-Term Care.

In the 2007 election, Smitherman was re-elected as the MPP for Toronto Centre and continued in his roles as Minister of Health and Long-Term Care, Deputy Premier and Toronto Regional Minister.

Smitherman was also criticized for failures related to the implementation of an electronic health records system called eHealth that partly occurred during his tenure as Minister of Health and Long-Term Care.

The long-term banking division of Nippon Kangyo Bank was transferred to newly-established Long-Term Credit Bank of Japan.

A second major initiative toward implementation of the Comprehensive Program came in 1976 at the 30th Council Session, when a decision was made to draw up Long-Term Target Programs for Cooperation in major economic sectors and subsectors.

Dipstick was used to obtain data that were used as ground truth in FHWA evaluations of the repeatability of IRI values as measured by other profilers and in Long-Term Pavement Performance ( LTTP ) studies conducted by several states.

Following his involvement in the establishment of the Age Concern Institute of Gerontology at King's College London, he was invited by the incoming Blair government in 1997 to chair a Royal Commission on Long-Term Care of Older People.

() The final report was issued in September, 2012, under the title, Aging and the Macroeconomy: Long-Term Implications of an Older Population.

On October 7, 2009, Matthews was named Minister of Health and Long-Term Care to replace David Caplan.

She was reappointed as Minister of Health and Long-Term Care on October 20, 2011.

Broten was re-elected in 2007 and was appointed Parliamentary Assistant to the Minister of Health and Long-Term Care.

He was parliamentary assistant to the Minister of Citizenship and Immigration, Minister Responsible for Democratic Renewal, and to the Minister of Health and Long-Term in order by period of service.

On October 23, 2003, he was named parliamentary assistant to George Smitherman, the Minister of Health and Long-Term Care.

On May 21, 2004, he was appointed parliamentary assistant to George Smitherman, the Ontario Minister of Health and Long-Term Care, on matters relating to public health.

Following a cabinet shuffle on February 8, 2001, she was named Associate Minister of Health and Long-Term Care, under Tony Clement.

When Long-Term Capital Management collapsed with over 100 to 1 leverage, it wasn't that the principals tried to run the firm at 100 to 1 leverage, it was that as equity eroded and they were unable to liquidate positions, the leverage level was beyond their control.

The Ministry of Health was renamed the Ministry of Health and Long-Term Care in 1999, and subsequently Elizabeth Witmer was the final Minister of Health and the first Minister of Health and Long-Term Care.