Orange County
About the Lecture
The lecture Orange County by Edu Pristine is from the course ARCHIV Case Study: PRM. It contains the following chapters:
- Orange County
- Track Record
- Aftermaths
- Timeline
- Lessons
Author of lecture Orange County
Edu Pristine
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Excerpts from the accompanying material
... generate good returns. Citron invested heavily in inverse-floater debt instruments. In 1994, when US Fed increased interest rates, value of inverse floaters declined substantially (because interest earned on inverse floater decrease when floating rate increases). His position were speculative as he was betting that interest rates would not increase. Investments were highly leveraged as well. This was done by raising ...
