{"id":4737,"date":"2006-07-18T00:00:00","date_gmt":"2006-07-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ltcm-manager-back-in-hedge-fund-spotlight","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2006\/ltcm-manager-back-in-hedge-fund-spotlight.html","title":{"rendered":"LTCM Manager back in Hedge Fund Spotlight"},"content":{"rendered":"<p>  WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Long Term Capital Management, the hedge fund whose explosive collapse in 1998 nearly took the financial market down with them, is back in the spotlight again.  The Nobel Prize-winning founder of <span class=\"caps\">LTCM<\/span>, Robert Merton, is managing a new hedge fund, the <span class=\"caps\">IFL<\/span> Victoria Fund. The launch is planned for September  1.<\/p>\n<div class=\"writeboardbody\">\n<p>    <span class=\"caps\">LTCM<\/span> was one of the first, and largest of all hedge funds, and when it collapsed during the devaluation of the rouble in 1998, the world\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest investment banks    agreed to an unprecedented $3.6 billion rescue to restore confidence in the global economy.  <\/p>\n<p>    Mr Merton told The Times at the <span class=\"caps\">GAIM<\/span> hedge fund conference in Cannes that the new fund had been set up late last year, and that, \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cthe collapse is not unique to hedge    funds. It\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s inevitable when you have a system with a low point of entry. People will make mistakes.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    The Victoria fund has a $5 million investment minimum, with a 2% management fee. The strategy is expected to be applied across non G-7 countries and will invest in several areas, including    sovereign and corporate bonds, inflation-linked instruments, and foreign exchange.  <\/p>\n<p>    Victoria\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s portfolio manager is Jose Luis Daza, formerly the global head of emerging markets strategy at Deutsche Bank. The hedge fund of funds is overseen by an investment committee made up of    Hancock, Gene Shanks and Thomas Graham. Shanks was president of Bankers Trust Company from 1992-1995. Graham was head of hedge fund\u00c3\u201a\u00c2\u00adlinked structured products at <span class=\"caps\">CDC    IXIS<\/span> Capital Markets North America.  <\/p>\n<\/div>\n<p>  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: Editor@hedgeco.net<\/p>\n<p>  HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n<p>  <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>  and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Long Term Capital Management, the hedge fund whose explosive collapse in 1998 nearly took the financial market down with them, is back in the spotlight again. The Nobel Prize-winning founder of LTCM, Robert Merton, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4737","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4737"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4737\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}