Which hedge fund's board was Merton on?
Bridgewater Associates
Long-Term Capital Management
Renaissance Technologies
Citadel
Answer
Long-Term Capital Management (LTCM) was a hedge fund founded in 1994 by John Meriwether, a former Salomon Brothers trader. The fund's board included Robert Merton, a Nobel Prize-winning economist who had developed a model for pricing mortgage-backed securities. LTCM used Merton's model to make highly leveraged bets on the convergence of interest rates and credit spreads.
Mastering Merton: A Deep Dive into the Legacy of Robert C. Merton
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