Eric Rosenfeld
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Eric Rosenfeld was a trader and principal in the Long-Term Capital Management hedgefund crisis that almost went bankrupt in 1998 when the Russian government defaulted on its debt payments on August 17, 1998, triggering a devaluation of the Russian ruble. Long-Term Capital avoided outright bankruptcy with the intervention of the U.S. central bank and its arrangement of a consortium of global investment institutions involved with the U.S. Banking System, to provide equity against its losses. LTCM was closed in 2000 with $4.6 billion in losses.
Prior to LTCM, Rosenfeld had been an instructor at Harvard University and is currently a partner in JWM Partners.
[edit] See also
[edit] References
[edit] References
- San Jose State University Economics Department
- A Review of John Lowenstein’s When Genius Failed: The Rise and Fall of Long-Term Capital Management
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