Looking Back at the 1998 Collapse of Long-Term Capital Management

J.P. Morgan Asset Management released content in which Chief Global Strategist Dr. David Kelly and Research Analyst Noble Cooper review the 1998 collapse of Long-Term Capital Management. The event demonstrated how complex strategies can fail under extreme market stress. The content explores the role of quantitative models and leverage, as well as the event’s ripple effects on the global financial system. It also analyzes risk management and liquidity challenges in the current market environment, offering reference for investors navigating uncertainty.