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When Genius Failed: The Rise and Fall of Long-Term Capital Management is a book by Roger Lowenstein published by Random House on October 9, 2000. The book tells an unauthorized account of the creation, early success, abrupt collapse, and rushed bailout of Long-Term Capital Management (LTCM). LTCM was a tightly held American hedge fund founded ...
The Loop is Chicago 's central business district and one of the city's 77 municipally recognized community areas. Located at the center of downtown Chicago [ 3 ] on the shores of Lake Michigan, it is the second-largest business district in North America after Midtown Manhattan. The headquarters and regional offices of several global and ...
Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross metropolitan product totaled ...
Area code 312. Coordinates: 41°52′48″N 87°37′54″W. All NPAs within Illinois. Area code 312 is a telephone area code in the North American Numbering Plan for the city of Chicago, including downtown, the Chicago Loop, and its immediate environs. The numbering plan area is completely surrounded by area code 773, which serves the rest of ...
Financial services Investment management. Long-Term Capital Management L.P. (LTCM) was a highly leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. [ 1 ]
Richard Driehaus. Richard Herman Driehaus (/ ˈdriːhaʊs /; July 28, 1942 – March 9, 2021) [ 1 ][ 2 ] was an American businessman, investor, and philanthropist. He was the founder, chief investment officer, and chairman of the hedge fund, Driehaus Capital Management LLC, based in Chicago.
Bear Stearns. The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that failed in 2008 during the 2007–2008 financial crisis and the Great Recession. After its closure it was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets ...
978-0393337808. The Return of Depression Economics and the Crisis of 2008 is a non-fiction book by American economist and Nobel Prize winner Paul Krugman, written in response to growing socio-political discourse on the return of economic conditions similar to The Great Depression. [ 1 ] The book was first published in 1999 and later updated in ...