Mayston, Daniel (contributor) - 2006
dramati-
cally, which made it difficult to trade at all. The fall of the Long-Term Capital
Management (LTCM) hedge fund, which … integrate liquidity risk into their risk management.
Before the downfall investors earned well from investing in LTCM which … knowledge about the value of the random innovation
dt+1, yet they know that market order traders might be informed. Market order …