Victor Haghani
Encyclopedia
Victor Haghani is an Iranian American financier, one of the founding partners of Long Term Capital Management, a hedge fund
which collapsed in 1998, to be eventually bailed out by a consortium of leading banks.
. He was a founding partner of LTCM and after the liquidation of LTCM became a founding partner of JWM Partners
which managed a successor fund to LTCM.
Victor Haghani started his career in 1984 in the bond research department of Salomon Brothers
, and later become a managing director in the bond arbitrage group run by John Meriwether
. In 1993, he co-founded Long-Term Capital Management (LTCM) with seven other partners. In 1993, he set up the LTCM office in London. Victor stayed on at LTCM through 1999 to assist in the liquidation of LTCM, following which he became a founding partner of JWM Partners, where he worked through 2002. Since then, he has been involved in a variety of activities, including consulting and board assignments, becoming a name at Lloyds of London and learning how to fly an airplane. He has also taught at the LSE, where he is a Senior Research Associate in the FMG. Victor received a B.Sc. degree in finance from the LSE in 1984.
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
which collapsed in 1998, to be eventually bailed out by a consortium of leading banks.
Biography
The son of an Iranian international trader of a Sephardic Jewish family, Victor Haghani graduated from the London School of EconomicsLondon School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
. He was a founding partner of LTCM and after the liquidation of LTCM became a founding partner of JWM Partners
JWM Partners
JWM Partners LLC was a hedge fund started by John Meriwether after the collapse of Long Term Capital Management in 1998. LTCM was one of the most spectacular failures of Wall Street, leading to a bailout of around $4 billion that was provided by a consortium of Wall Street banks...
which managed a successor fund to LTCM.
Victor Haghani started his career in 1984 in the bond research department of Salomon Brothers
Salomon Brothers
Salomon Brothers was a bulge bracket, Wall Street investment bank. Founded in 1910 by three brothers along with a clerk named Ben Levy, it remained a partnership until the early 1980s, when it was acquired by the commodity trading firm Phibro Corporation and then became Salomon Inc. Eventually...
, and later become a managing director in the bond arbitrage group run by John Meriwether
John Meriwether
John William Meriwether is an American hedge fund executive, seen as a pioneer of fixed income arbitrage.-Education:...
. In 1993, he co-founded Long-Term Capital Management (LTCM) with seven other partners. In 1993, he set up the LTCM office in London. Victor stayed on at LTCM through 1999 to assist in the liquidation of LTCM, following which he became a founding partner of JWM Partners, where he worked through 2002. Since then, he has been involved in a variety of activities, including consulting and board assignments, becoming a name at Lloyds of London and learning how to fly an airplane. He has also taught at the LSE, where he is a Senior Research Associate in the FMG. Victor received a B.Sc. degree in finance from the LSE in 1984.