Long-Term Capital Management (LTCM) began operations in 1994 with more than $1 billion in capital...

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Long-Term Capital Management (LTCM) began operations in 1994 with more than $1 billion in capital and what looked like unbridled potential to succeed. Its founding principals were a virtual whos who of world-class academics and seasoned Wall Street practitioners.

13. Explain the major benefits of a total return swap.

14. Explain the causes of the Asian Tiger crisis and how it affected LTCM.

15. Explain the Russian ruble crisis and how it affected LTCM.

16. What role did the Federal Reserve play in the LTCM rescue? Why was the Fed involved?

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