From Bond Arbitrage to Hedge Funds to Personal Investing: Conversation with Victor Haghani, Elm Partners

Screen Shot 2015-11-23 at 3.21.14 PMWorking Capital Conversations: Leading thinkers, practitioners and experts discuss the ideas that drive global business.

Are there lessons in personal investing that can be learned from the successes and failures hedge fund activity.

Victor Haghani grew up in the fast lane of finance. Before teaching at the London School of Economics, Haghani was a managing director at Salomon Brothers famous bond arbitrage group. He then became a founding partner of Long Term Capital Management, the hedge fund that collapsed in 1998 following the Russian default. It was one of the largest Wall Street collapses in history, eclipsed obviously by events a decade later.

Today Haghani runs an active index investment fund called Elm Partners. How does their strategy reflect lessons from his hedge fund days – in terms of risk, leverage, shorts, even diversification? Moreover, given today’s geopolitical realities, what regional and asset strategies does Haghani apply?

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