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This quiz consists of 5 multiple choice and 5 short answer questions through On the Run.

Multiple Choice Questions

1. What did Meriwether do with his staff?
(a) All of these.
(b) Dine.
(c) Travel.
(d) Play golf.

2. Who typically invested in hedge funds?
(a) A club of exclusive investors.
(b) Foreign banks.
(c) The Federal Reserve.
(d) The general population.

3. Michael Steindardt believed what was the "culprit in 1994"?
(a) Wealth.
(b) Leverage.
(c) Poverty.
(d) Foolish investments.

4. Who helped Meriwether raise money for Long-Term?
(a) No one.
(b) Merrill Lynch.
(c) Salomon Brothers.
(d) Warren Buffet.

5. Where was the Long-Term Capital Portfolio stored?
(a) Cayman Islands.
(b) Germany.
(c) Switzerland.
(d) Bermuda.

Short Answer Questions

1. In 1994, what market did Long-Term begin to express an interest in?

2. In bond trading, what are loans backed by collateral called?

3. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?

4. What was J.F. Eckstein & Co. primarily working on in 1979?

5. Who ran the London office for Long-Term?

(see the answer key)

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