LTCM beats Soros

LTCM beats Soros

LONG-TERM CAPITAL Management has beaten George Soros's Quantum and Julian Robertson's Tiger hedge funds in the first quarter. According to investors on Wall Street, LTCM, whose $4bn losses last year prompted the US Federal Reserve to organise a bail-out, has gained 11.8 per cent in this year to March, compared with a 15.5 per cent fall at Quantum and a 7.5 per cent fall at Tiger Management.