The Next LTCM? $8 Billion Hedge Fund Is Using 10x Leverage

We bring this iconic hedge fund blow up - which was entirely due to far too much leverage - because it appears that we may be returning to the good old days of stratospherically insane hedge fund leverage. Case in point, Michael Gelband’s new hedge - just a few months old - which may not have quite the leverage of LTCM just yet, appears to be giving it the old college try; in fact, as Bloomberg notes, Gelband is already already using more leverage than his former boss, Israel Englander.







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