What is the fall of long-term capital management LTCM?
In the year of 1998, there was closure in an investment company called Long Term Capital Management, which happened because of a catastrophic collapse. This closure was caused by the enormous amount of loss experienced by the investment company.
On August 28, 1998, it became clear that this particular company had lost 4.6 billion dollars and only remained with a hundred million dollars to pay for all its liabilities. In order to prevent more damage, the company was forced to liquidate all its assets and ceased to exist as an investmen
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