Long-Term Capital Management, L.P. (D)
Keywords: Financial Services Industry;
Citation:
Perold, Andre F. "Long-Term Capital Management, L.P. (D)." Harvard Business School Case 200-010, October 1999. (Revised October 2004.) View Details
Case | HBS Case Collection | November 1999 Long-Term Capital Management, L.P. (C) |
Long-Term Capital Management, L.P. (LTCM) was in the business of engaging in trading strategies to exploit market pricing discrepancies. Because the firm employed strategies designed to make money over long horizons--from six months to two years or more--it adopted a long--term financing structure designed to allow it to withstand short-term market fluctuations. In many of its trades, the firm was in effect a seller of liquidity. LTCM generally sought to hedge the risk--exposure components of its positions that were not expected to add incremental value to portfolio performance and to increase the value-added component of its risk exposures by borrowing to increase the size of its positions. The fund's positions were diversified across many markets. This case is set in late August 1998. LTCM's fund was down nearly 40% since the beginning of 1998, with most of this loss having occurred in recent weeks. LTCM was evaluating the fund's liquidity and considering alternative courses of action. Possible choices included attempting a rapid reduction of many of the fund's positions and trying to raise additional capital.
Keywords: Fluctuation; Capital; Financial Liquidity; Financing and Loans; Investment Funds; Investment Portfolio; Corporate Governance; Governing Rules, Regulations, and Reforms; Management; Risk Management; Markets; Motivation and Incentives; Financial Services Industry;
Perold, Andre F. "Long-Term Capital Management, L.P. (C)." Harvard Business School Case 200-009, November 1999.
Case | HBS Case Collection | October 1999 (Revised October 2004)
Long-Term Capital Management, L.P. (D)
Keywords: Financial Services Industry;
Citation:
Perold, Andre F. "Long-Term Capital Management, L.P. (D)." Harvard Business School Case 200-010, October 1999. (Revised October 2004.) View DetailsCase | HBS Case Collection | November 2006 (Revised November 2017)
Robin Greenwood and André Perold
Keywords: Restructuring; Chemicals; Equity; Investment; Governance Controls; Managerial Roles; Chemical Industry; Energy Industry; United States;
Citation:
Greenwood, Robin, and André Perold. "Kerr-McGee." Harvard Business School Case 207-020, November 2006. (Revised November 2017.) View DetailsCase | HBS Case Collection | July 2013 (Revised June 2014)
Citation:
Perold, Andre F. "Oceanbulk Maritime S.A." Harvard Business School Case 914-403, July 2013. (Revised June 2014.) View DetailsSupplement | HBS Case Collection | April 2014
Citation:
Perold, Andre F. "Oceanbulk Maritime S.A. (B)." Harvard Business School Supplement 914-416, April 2014. View Details