Risk of Ruin cover image

Inside Long Term Capital

Risk of Ruin

CHAPTER

LTCM - The Force Dividend and the Opportunity Set

The 18 banks agreed to put in $3.6 billion, and that effectively ended the crisis. The partners considered other options, like raising a much larger fund that would have aimed for smaller returns. But ultimately they decided to do what they had always done: go for higher returns with a smaller capital base.

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