Long-Term Capital Management (LTCM) was a hedge fund headed for bankruptcy in 1998 when a [[bailout]] arranged at the highest levels of the [[Clinton Administration]] saved it and its partners from ruin. Two years later it shut down. | Long-Term Capital Management (LTCM) was a hedge fund headed for bankruptcy in 1998 when a [[bailout]] arranged at the highest levels of the [[Clinton Administration]] saved it and its partners from ruin. Two years later it shut down. |