|
Victor Haghani
Victor Haghani (born c. 1962) is an Iranian-American founder of Elm Wealth, a research-driven wealth advisor and manager. Elm uses index-tracking funds to invest across the largest asset classes and tries to give its clients broad exposure to global economic growth at the lowest possible cost. Haghani was one of the founding partners of Long-Term Capital Management (LTCM), a hedge fund which collapsed in 1998 and was eventually recapitalized and restructured by a consortium of leading banks. The son of an Iranian international trader of a Sephardic Jewish family, Haghani graduated from the London School of Economics (LSE). He was a founding partner of LTCM and after the liquidation of LTCM became a founding partner of JWM Partners which managed a successor fund to LTCM. Education Victor Haghani graduated from the London School of Economics (LSE) in 1984, where he received a B.Sc. degree in Economics. He has also taught at the LSE, where he is a Senior Research Associate in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iranian-American
Iranian Americans are United States citizens or nationals who are of Iranian ancestry or who hold Iranian citizenship. Iranian Americans are among the most highly educated people in the United States. They have historically excelled in business, academia, science, the arts, and entertainment. Most Iranian Americans arrived in the United States after 1979, as a result of the Iranian Revolution and the fall of the Persian monarchy, with over 40% settling in California, specifically Los Angeles. Unable to return to Iran, they have created many distinct ethnic enclaves, such as the Los Angeles Tehrangeles community. The Iranian American community has become successful, with many becoming doctors, engineers, lawyers, and tech entrepreneurs. Based on a 2012 announcement by the National Organization for Civil Registration, an organization of the Ministry of Interior of Iran, the United States has the highest number of Iranians outside the country. In 2021 the Ministry of Foreign A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long-Term Capital 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. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron Scholes and Robert C. Merton, who three years later in 1997 shared the Nobel Prize in Economics for having developed the Black–Scholes model of financial dynamics.''A financial History of the United States Volume II: 1970–2001'', Jerry W. Markham, Chapter 5: "Bank Consolidation", M. E. Sharpe, Inc., 2002 LTCM was initially successful, with annualized returns (after fees) of around 21% in its first year, 43% in its second year and 41% in its third year. However, in 1998 it lost $4.6 billion in less than four months due to a combination of high leverage and exposure to the 1997 Asian financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sephardic Jew
Sephardic (or Sephardi) Jews (, ; lad, Djudíos Sefardíes), also ''Sepharadim'' , Modern Hebrew: ''Sfaradim'', Tiberian: Səp̄āraddîm, also , ''Ye'hude Sepharad'', lit. "The Jews of Spain", es, Judíos sefardíes (or ), pt, Judeus sefarditas or Hispanic Jews, are a Jewish diaspora population associated with the Iberian Peninsula. The term, which is derived from the Hebrew ''Sepharad'' (), can also refer to the Mizrahi Jews of Western Asia and North Africa, who were also influenced by Sephardic law and customs. Many Iberian Jewish exiles also later sought refuge in Mizrahi Jewish communities, resulting in integration with those communities. The Jewish communities of the Iberian Peninsula prospered for centuries under the Muslim reign of Al-Andalus following the Umayyad conquest of Hispania, but their fortunes began to decline with the Christian ''Reconquista'' campaign to retake Spain. In 1492, the Alhambra Decree by the Catholic Monarchs of Spain called for the expulsio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London School Of Economics
, mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 million (2020–21) , chair = Susan Liautaud , chancellor = The Princess Royal(as Chancellor of the University of London) , director = The Baroness Shafik , head_label = Visitor , head = Penny Mordaunt(as Lord President of the Council '' ex officio'') , students = () , undergrad = () , postgrad = () , city = London , country = United Kingdom , coor = , campus = Urban , free_label = Newspaper , free = '' The Beaver'' , free_label2 = Printing house , free2 = LSE Press , co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JWM Partners
JWM Partners LLC was a hedge fund started by John Meriwether after the collapse of Long-Term Capital Management (LTCM) in 1998. LTCM was one of the most spectacular failures of Wall Street, leading to a bailout of around $4 billion that was provided by a consortium of Wall Street banks. Meriwether started the company with initial capital of $250 million with loyal quants and traders like Victor Haghani, Larry Hilibrand, Dick Leahy, Arjun Krishnamachar and Eric Rosenfeld. As of April 2008, the company had around $1.6 billion in management. Eric Rosenfeld left to start his own fund. Performance The funds posted gains for several years, but in the first quarter of 2008 posted losses, of 14% in the Global Macro Fund, and 31% in the flagship Relative Value Opportunity bond fund. Together with redemptions, this cut the capital base significantly. Mission The fund claimed to use the same model as LTCM with more rigorous and better risk management. It also claimed a leverage Leverage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salomon Brothers
Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street". Salomon Brothers served many of the largest corporations in America. At one time, it was the leading underwriter of corporate bonds and the largest dealer of Treasury Securities in the United States. It was also one of the top firms in futures and options (known as "derivatives") and in securitization in a range of asset classes including commercial real estate securities. The bank was famed for its "cutthroat corporate culture that rewarded risk-taking with massive bonuses, punishing poor results with a swift boot." In Michael Lewis' 1989 book ''Liar's Poker'', the insider descriptions of life at Salomon gave way to the pop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liar's Poker
''Liar's Poker'' is a non-fiction, semi-autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s. First published in 1989, it is considered one of the books that defined Wall Street during the 1980s, along with Bryan Burrough and John Helyar's '' Barbarians at the Gate: The Fall of RJR Nabisco'', and the fictional ''The Bonfire of the Vanities'' by Tom Wolfe. The book captures an important period in the history of Wall Street. Two important figures in that history feature prominently in the text, the head of Salomon Brothers' mortgage department Lewis Ranieri and the firm's CEO John Gutfreund. The book's name is taken from liar's poker, a gambling game popular with the bond traders in the book. Overview The narrative of ''Liar's Poker'' jumps back and forth between two different threads. One thread is autobiographical: it follows Lewis through his college education, his hiring by Salomon Brothers (now a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Meriwether
John William Meriwether (born August 10, 1947) is an American hedge fund executive. Education Meriwether earned an undergraduate degree from Northwestern University and an MBA degree from the University of Chicago Booth School of Business. Salomon Brothers After graduation, Meriwether moved to New York City, where he worked as a bond trader at Salomon Brothers. At Salomon, Meriwether rose to become the head of the domestic fixed income arbitrage group in the early 1980s and vice-chairman of the company in 1988. In 1991, Salomon was caught in a Treasury securities trading scandal perpetrated by a Meriwether subordinate, Paul Mozer. Meriwether was assessed $50,000 in civil penalties. LTCM Meriwether founded the Long-Term Capital Management hedge fund in Greenwich, Connecticut in 1994. Long-Term Capital Management collapsed in 1998. The books '' When Genius Failed: The Rise and Fall of Long-Term Capital Management'' and ''Inventing Money: The Story of Long-Term Capital Management ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Name (Lloyd's)
A name is a term used for identification by an external observer. They can identify a class or category of things, or a single thing, either uniquely, or within a given context. The entity identified by a name is called its referent. A personal name identifies, not necessarily uniquely, a ''specific'' individual human. The name of a specific entity is sometimes called a proper name (although that term has a philosophical meaning as well) and is, when consisting of only one word, a proper noun A proper noun is a noun that identifies a single entity and is used to refer to that entity (''Africa'', ''Jupiter'', '' Sarah'', ''Microsoft)'' as distinguished from a common noun, which is a noun that refers to a class of entities (''continent, .... Other nouns are sometimes called "common names" or (obsolete) "general names". A name can be given to a person, place, or thing; for example, parents can give their child a name or a scientist can give an element a name. Etymology The w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd's Of London
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament. It operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life insurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in 1688. Today, it has a dedicated building on Lime Street which is Grade I listed. Traditionally business is tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Related categories * :Year of birth missing (living people) / :Year of birth unknown * :Date of birth missing (living people) / :Date of birth unknown * :Place of birth missing (living people) / :Place of birth unknown * :Year of death missing / :Year of death unknown * :Date of death missing / :Date of death unknown * :Place of death missing / :Place of death unknown * :Missing middle or first names See also * :Dead people * :Template:L, which generates this category or death years, and birth year and sort keys. : {{DEFAULTSORT:Living people 21st-century people People by status ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
