This is a description of the liquidity trap that doomed long - term capital management , an american hedge fund , almost a decade ago 这种流动性陷阱的描述冥冥中注定了约十年前名为“长期资本运营”的美国对冲基金最终命运。
Yet , even then , government intervention in one form or another has been necessary : witness the ltcm episode in 1998 , or the more recent interventions in support of the euro 年的长期资本管理公司事件，又或者是较近期为支持欧元而作出的干预行动。
There is anecdotal evidence that some large hlis are becoming less willing to supply information to their counterparties as memories of the ltcm saga are fading 近期有传闻指出，随著大家淡忘长期资本管理公司的事件，部分大规模的高杠杆机构在向交易对手提供资料方面变得比较不情愿。
And prof merton ' s evangelical zeal for the product might seem particularly controversial after the media blamed derivatives in part for the implosion at ltcm 特别是在媒体认为，某种程度上正是衍生品造成了长期资本管理公司的内部崩溃之后，默顿教授宣扬这种产品的热情似乎会引发争议。
Funds that invest in stock represent the largest category of mutual funds . generally , the investment objective of this class of funds is long - term capital growth with some income 在共同基金中投资股票占了基金的最大份额,一般地讲,这类基金的投资目的是长期资本随着收入的增加而增长
He was , as he sheepishly puts it , “ in the vicinity ” when stockmarkets tumbled in 1987 and long - term capital management ( ltcm ) , a hedge fund , disappeared down the plughole a decade later 就像他局促不安地指出的那样， 1987年股市崩盘和十年后长期资本管理公司一个对冲基金陨落时他就在附近。
The demand for more light to be shed on hedge funds has reached a level not seen since the near - collapse in 1998 of long - term capital management ( ltcm ) , a vast hedge fund 要求加强对对冲基金监管的呼声日涨，已经达到了自1998年以来的最大程度，那时是由于巨型对冲基金长期资本管理基金几近崩溃（注1 ） 。
That , arguably , was the mistake that alan greenspan made when the fed lowered rates three times in 1998 as financial markets seized up in response to the collapse of long - term capital management , a hedge fund 这毫无疑问是格林斯潘曾犯的错误，在1998年金融市场动荡时，美联储层三次下调利率以挽救长期资本管理公司。
Mr taleb argues convincingly that the spectacular collapse in 1998 of long - term capital management was caused by the inability of the hedge fund ' s managers to see a world that lay outside their flawed models 塔布勒令人信服地论述道， 1998年美国长期资本管理公司的大规模破产源于冲基金经理人们没有看到其错误模式外的世界。
Venture capital ( vc ) means investing into new - borne enterprises so that to share the long - term capital - added value with the rapid growth of enterprises through capital operating service to breed and help new - borne enterprises 创业投资，即投资于创业企业，并通过资本经营服务来培育和辅导创业企业创业，以期分享其高成长带来的长期资本增值。
