Long-Term Capital Management photograph

Long-Term Capital Management

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Founders Myron Scholes
John Meriwether
Robert C. Merton
Closed date1998
Founded1994
Defunct1998 private bailout arranged by U.S. Fed; 2000 dissolution
Date of Reg.
Date of Upd.
ID4330115
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About Long-Term Capital Management


Long-Term Capital Management L.P. 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.

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