Word: funded
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Dates: during 1990-1999
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...fund had experienced yearly financial increases of 19, 40, 40 and 18 percent before losing 52 percent--$2.5 billion--through the end of August...
...wanted to buy a significant portion of the hedge fund, while the LTCM partners had wanted to change foreign interest income in some of their off-shore accounts into financial gains...
...loss has far-reaching consequences due to the fund's 80 outside investments--each of at least $10 million--from such well-known groups as Merrill Lynch & Co. and Bear Stearns...
...effort to rescue the fund and ensure the stability of an economic market that would be greatly affected by its collapse and to calm anxious creditors, the Federal Reserve Bank of New York intervened to organize a rescue of LTCM...
Participants in the summit, a forum for discussing the state of theater at Harvard, discussed issues ranging from creating a central fund to help pay for the rights to stage plays, to creating a single Web page for all theater at Harvard...