Victor Haghani says he had 80% of liquid net worth in LTCM

What was said

"I had somewhere around 80% of my family's liquid net worth invested in the fund. And, you know, I kind of thought maybe that's okay, you know, to have 20% that wasn't, but I didn't also account for the fact that um that I owned a lot of the management company."

Victor Haghani, a co-founder of Long-Term Capital Management (LTCM), says he had about 80% of his family’s liquid net worth invested in the fund before its 1998 collapse. He adds he failed to account for additional exposure through ownership of the management company and the extent to which his income potential was tied to LTCM’s continued success.