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This quiz consists of 5 multiple choice and 5 short answer questions through Hedge Fund.

Multiple Choice Questions

1. Where did Meriwether work in 1979?
(a) Merrill Lynch.
(b) Salomon Brothers.
(c) Lehman.
(d) Long-Term.

2. When Meriwether increased his position in Treasury futures, what did he expect the market to do?
(a) Collapse.
(b) Perform typically.
(c) Rise sharply overnight.
(d) Drop substantially.

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

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

5. How much did Long-Term plan to take from its profits?
(a) 15%.
(b) 25%.
(c) 10%.
(d) 30%.

Short Answer Questions

1. What notable company went bankrupt in the 1970's?

2. Who typically invested in hedge funds?

3. What notable invention changed the face of trading in the 1970's?

4. Who gains from working with hedge funds?

5. What unusual event happened when Meriwether began working with Treasury futures?

(see the answer key)

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