Alpha Exchange cover image

Victor Haghani, Founder and CIO, Elm Partners

Alpha Exchange

CHAPTER

Credit Spreads Are a Form of the Stock Market

Asm: We didn't have the term risk on, risk off back in 19 98. But when you look at the portfolio now, or again, after its faltering, did you see that the firm was much less diversified? Asm: The failure of l t c m was really the focus on l g c m,. Once the fund was down 20 % or so and we went out to try to start raising money. I mean, it was a situation where, if we had been smaller, if we hadn't ben the focus of the market, that we would have probably weathered the whole thing.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner