Robert C. Merton
![Merton in 2010](https://upload.wikimedia.org/wikipedia/commons/1/1b/Robert_Merton_November_2010_03%281%29.jpg)
Merton was on the board of directors of Long-Term Capital Management (LTCM), a highly leveraged hedge fund that collapsed in 1998, wiping out most of the value paid in by the investors, and requiring a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York.
Merton's current research focus is on the topics of lifecycle investing and retirement funding, measuring and monitoring systemic risks in macrofinance, and financial innovation coupled with changing dynamics in financial institutions. Provided by Wikipedia
1
Published: [2008]
Superior document: Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013
Links: Get full text; Get full text; Cover