On September 15, 2008, Lehman Brothers, the fourth largest U.S. investment bank, with $639 billion in assets and over $600 billion in debt obligations, filed for bankruptcy. Lehman’s collapse sent global financial markets into chaos. On September 29, 2008, the Dow Jones Industrial Average fell 777.68 points or 6.98% intraday while the S&P 500 fell […]
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A risk management approach using hedging techniques and attempting to uncover hidden value.
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