1.Give some background on LTCM 2. How did they produce alpha? 3. What were their

1.Give some background on LTCM
2. How did they produce alpha?
3. What were their returns into end 1997?
4. What concerns did they have about risk, leverage, financing,
liquidity, etc.?
5. What issues did they have with fund size towards the end of 1997
6. Describe the events in 1998
Evaluation will be based on your understanding and summary of the main points of the case.
These summary write-ups should be no longer than 1 page