RT Journal Article
SR Electronic
T1 When Seemingly Infallible Arbitrage Strategies Fail
JF The Journal of Investing
FD Institutional Investor Journals
SP 9
OP 10
DO 10.3905/joi.1999.319389
VO 8
IS 1
A1 Bruce I. Jacobs
YR 1999
UL https://pm-research.com/content/8/1/9.abstract
AB Seemingly infallible arbitrage strategies can fail. When they do, they can take the markets down with them. The near collapse of Long-Term Capital Management parallels the experience of portfolio insurance in 1987.