Victor Haghani
Victor Haghani | |
|---|---|
| Born | 1962 (age 61–62) |
| Alma mater | London School of Economics (B.Sc.) |
| Occupation | Businessman |
| Organization | Elm Wealth |
| Known for | Co-founder of Long-Term Capital Management and JWM Partners |
Victor Haghani (born c. 1962[1]) is an Iranian-American founder of Elm Wealth, a research-driven wealth advisor and manager.[2]
Haghani was one of the founding partners of Long-Term Capital Management (LTCM), a hedge fund which collapsed in 1998 and was eventually recapitalized and restructured by a consortium of leading banks.[3][4]
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.
Family and education
[edit]The son of an Iranian international trader of a Sephardic Jewish family, Victor Haghani graduated from the London School of Economics (LSE) in 1984, where he received a B.Sc. degree in Economics. He has also taught at the LSE, where he is a Senior Research Associate in the FMG.
Career
[edit]Haghani started his career in 1984 in the bond research department of Salomon Brothers[5] and then became a managing director in the bond arbitrage group run by John Meriwether. In 1993, he co-founded Long-Term Capital Management with seven other partners. In 1993, he set up the LTCM office in London. Haghani stayed on at LTCM through 1999 to assist in the liquidation of LTCM.[6]
After LTCM, he became a founding partner of JWM Partners, which managed a successor fund to LTCM. Since then, he has been involved in a variety of activities, including consulting and board assignments, becoming a "name" at Lloyd's of London and learning how to pilot airplanes.[6]
He has conducted research into asset allocation and low cost wealth management strategies, and he founded Elm Partners in 2011 to put those ideas into practice.[6] Elm uses index-tracking funds to invest across the largest asset classes and tries to give its clients broad exposure to global economic growth at the lowest possible cost.[7]
Among other topics, James White and Victor Haghani discuss the field of ergodicity economics in their book The Missing Billionaires.[8]
Books
[edit]See also
[edit]References
[edit]- ^ Nakamura, Yuji (25 March 2015). "Quant Who Shook the Financial World Tries More Humble Approach". Bloomberg News. Bloomberg. Retrieved 31 March 2015.
... Haghani, 53, says...
- ^ Jakab, Spencer (16 December 2021). "YOLO Bets, Deconstructed". The Wall Street Journal.
- ^ Haubrich, Joseph G (2007). "Some Lessons on the Rescue of Long-Term Capital Management". Federal Reserve Bank of Cleveland. Policy Discussion Paper no. 07-19.
- ^ Report of the President's Working Group on Financial Markets on Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management (LTCM) 28 April 1999. https://www.cftc.gov/sites/default/files/tm/tmhedgefundreport.htm Accessed 31 December 2021 "…involved the recapitalization of the LTCM Fund through mutual investments by its major counterparties in a recently set up feeder fund and a relatively small investment in a newly set up limited liability company which became a new general partner of the LTCM Fund…the consortium would acquire the remaining 90 percent ownership share, as well as operational control of LTCM…" (The LTCM Episode, Section B: LTCM’s Near Failure)
- ^ Lewis, Michael (1989). Liar's Poker: Rising through the Wreckage on Wall Street. New York: W.W. Norton. ISBN 0-393-02750-3.
- ^ a b c TEDxASL "Theme: Empowering a community through one" (12 October 2013) https://www.ted.com/tedx/events/9285
- ^ Johnson, Miles (5 May 2017). "Ex-LTCM trader on his unexpected conversion to passive investing". Financial Times.
- ^ Haghani, Victor; White, James (2023). The Missing Billionaires: A Guide to Better Financial Decisions (1st ed.). Wiley. ISBN 978-1119747918.
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