Long-Term Capital Management

Long-term Capital Management was a big hedge fund that failed in1998 and got bailed out by the Fed .

长期资本管理公司，是一个1998年失败了的对冲基金8，并且被美联储保释了。

When Genius Failed provides a compelling account ofhow Long-Term Capital Management collapsed , drawing on painstaking research .

《赌金者》依靠艰苦的研究，扣人心弦地叙述了长期资本管理公司（LTCM）的倾覆。

Long-Term Capital Management controlled investments worth more than one hundred thousand million dollars .

长期资本管理控制投资价值超过十万美元。

A long-term capital management mechanism is of important and practical significance for commercial banks to improve their internal operation system and optimize their corporate governance .

建立长效的资金管理机制，对于完善商业银行内部运行机制，优化商业银行公司治理结构具有重要的现实意义。

The lessons of Long-Term Capital Management 's collapse are that investors need , or should want , transparency in their money manager 's investment strategy .

充分意识长期资本管理危机是每个投资者需要注意的事情，或者说需要看到他们的钱被投资是透明的。

Mr Ching said auction sales continued to thrive for about two years after the 1987 stock market crash and the 1998 long-term capital management collapse .

程寿康表示，在1987年股市崩盘和1998年长期资本管理公司（long-termcapitalmanagement）倒闭以后，拍卖市场继续繁荣了近两年的时间。

But it is worth recalling that the firms that bailed out Long-Term Capital Management in 1998 in fact profited nicely , and relatively quickly .

但值得一提的是：1998年为长期资本管理公司（Long-TermCapitalManagement）纾困的公司事实上很快就获利不菲。

Rates were then sharply reduced in 1998 , after the collapse of the hedge fund long-term capital management , and were lowered again when the stock market collapsed in 2001 .

1998年，在对冲基金长期资本管理公司（long-termcapitalmanagement）倒闭后，利率被大幅下调，2001年股市崩盘时又被进一步下调。

Mr Fuld has brought Lehman back from the brink before-dramatically so after the collapse of Long-Term Capital Management , a hedge fund , in1998 .

在1998年对冲基金–长期资本管理公司倒台后，福德先生戏剧性地将莱曼兄弟公司从危机的边缘拉了回来。

In the late 90s , a market-rattling crisis meant something like long-term capital management , a hedge fund that cost the Federal Reserve $ 3.6 billion to bail out .

上世纪90年代晚期，能够震动市场的危机类似于长期资本管理（Long-TermCapitalManagement）危机，后者是一家对冲基金，最后让美国联邦储备系统（FederalReserve，简称美联储）耗资36亿美元救援。

After the collapse long-term capital management and the crisis in emerging markets in 1998 , new products such as various basket indices and credit default swaps were created to help offset a number of risks .

在1998年长期资本管理公司（long-termcapitalmanagement）崩溃和新兴市场危机之后，各种一篮子指数和信贷违约掉期（cds）等新产品被创造出来，以帮助抵消各种风险。

One often hears such talk from the heads of failing banks and hedge funds , from John Meriwether of Long-Term Capital Management in 1998 onwards , as if nothing were really wrong .

从1998年长期资本管理公司（Long-TermCapitalManagement）的约翰梅里维瑟（JohnMeriwether）至今，人们经常在濒临倒闭的银行和对冲基金高管那里听到这类言论，仿佛它们根本不存在真正的问题。

It is also higher than after the stock market crash of 1987 , the start of the first and second Gulf wars and the default of Russia and long-term capital management in 1998 ( see chart 1 ) .

这一不确定性还高于1987年股市崩盘之后、第一次与第二次海湾战争时期、以及1998年俄罗斯及长期资本管理公司（ltcm）债务违约时期（见图表1）。

A senior New York Fed official who worked with him in 1998 , on the rescue of the failed hedge fund Long-Term Capital Management , describes Thain at that time as a stone-cold killer .

纽约联邦储备银行（NewYorkFed）一名高级官员曾在1998年与塞恩共事，营救破产的对冲基金长期资本管理公司（LTCM）。这位官员将当时的塞恩形容为冰冷如石的杀手。

Several executives of long-term capital management , which had to be rescued by banks in 1998 , went on to secure billions of dollars for new hedge funds , though at least two of those hit problems last year .

1998年，长期资本管理公司（long-termcapitalmanagement）被迫接受银行援救之后，几个主管又继续为一些新对冲基金募集了数十亿美元的资金，这其中至少有两只基金在去年陷入困境。

Look at Long-Term Capital Management , a hedge fund owned and operated by a clutch of certified geniuses , including a former Salomon director , a former Fed governor , and two Nobel Prize winners .

看看长期资金管理这家公司吧，它是对冲基金，被一批天才拥有和经营，其中包括所罗门的前总裁，前美国联邦储备银行行长，2届诺贝尔奖获得者。

One of the big lessons of the 1987 stock market crash , and again the 1998 long-term capital management debacle , is that by their fast reactions , policymakers can isolate " Wall Street " from " main street " .

1987年股灾和1998年长期资本管理公司（long-termcapitalmanagement）覆没的一大教训是，如果反应快速，政策制定者可以将“华尔街”与“商业街”隔离开来。

And the failure of Bear Stearns is reminiscent of similar catharses that have marked the bottom of earlier crises , from the failure of herstadt bank in 1974 to the demise of long-term capital management in 1998 .

贝尔斯登（bearstearns）的失败，让人想起标志着前几次危机见底的类似爆炸性事件，如1974年herstadt银行的破产，以及1998年长期资本管理公司（long-termcapitalmanagement）的灭亡。

Robert Merton and Myron Scholes won in 1997 for their work on option pricing - less than a year before the dramatic bailout of Long-Term Capital Management , a hedge fund in which Merton and Scholes were closely involved .

1997年，罗伯特•默顿（RobertMerton）和迈伦•斯克尔斯（MyronScholes）凭借在期权定价领域的研究成果获得诺贝尔经济学奖，此后不到一年默顿和斯克尔斯担任合伙人的对冲基金长期资本管理公司（Long-TermCapitalManagement）就受到了戏剧性的救助。