Economics
Quant Who Shook the Financial World Tries More Humble Approach
Victor Haghani speaks during a conference at London School of Economics in London.
Source: Richard Dewey via BloombergThis article is for subscribers only.
More than 16 years after the collapse of the hedge fund he co-founded in Greenwich, Connecticut, Victor Haghani is, understandably, still a bit risk averse.
The implosion of that fund -- Long-Term Capital Management -- did, after all, require the Federal Reserve to orchestrate a rescue by Wall Street banks. So when asked about the strengths of his new fund, Elm Partners, Haghani is quick to point out the differences from LTCM: It has no leverage, no short positions, and charges fees that are a fraction of the industry norm.