Long Term Capital Management and Impact on markets
October 26, 1998 – New York, NY – Charles Gradante, Co - Founder of Hennessee Group LLC, interviews on CNN discussing Long Term Capital Management and its impact on the financial markets.
Noteworthy highlights from this particular interview include Hennessee Group Managing Principal, Charles Gradante, discussing Warren Buffet's prospective investment in Long Term Capital. He points out that hedge funds need to be more transparent to regulators and creditors. Gradante feels that margin requirements on bond arbitrage leverage needs to be increased due to increased volatility in the bond market and decoupling risks associated with bond arbitrage. LTCM raises the issue of hedge fund regulation as related to the extension of credit, and the quantity and quality of collateral.