Most of us who have been reading about investing for a few years have come across a hedge fund, Long-Term Capital Management (LTCM). We now know this fund as a cautionary tale on how supposedly smart investors can lose enough money to be wiped out, personally and professionally. LTCM was established in 1994 by John Meriwether, a former vice-chairman and bond trading head at Salomon Brothers.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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