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The Hedge Fund That Was 'Too Good' Handed Back $2.7 Billion, Then Blew Up the Economy
Source: Buzz FX / 01 Jul 2026 21:21:20 America/New_York
The Hedge Fund That Was ‘Too Good’ Handed Back $2.7 Billion, Then Blew Up the Economy
Quick Read
LTCM returned $2.7 billion to investors but borrowed more to keep positions unchanged, pushing leverage to 25-to-1 and guaranteeing catastrophi
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