Royal Horseguards Hotel Royal Horseguards Hotel The Royal Horseguards Hotel is a 5-star London hotel situated in the area of Whitehall. It is operated by Guoman Hotels, a subsidiary of Thistle Hotels. Whitehall Court was constructed as a block of luxury residential apartments in 1884 by the Liberal MP and property developer Jabez Balfour. The building's construction was the centrepiece of an elaborate pyramid scheme for fraud by Balfour, through the Liberator Building Society which he controlled. In 1892 the Society collapsed, leaving thousands of investors penniless. Instead of advancing money to home buyers, the Society had advanced money to property companies to
When Genius Failed When Genius Failed When Genius Failed: The Rise and Fall of Long-Term Capital Management is a book by Roger Lowenstein published by Random House on October 9, 2000. The book puts forth an unauthorized account of the creation, early success, abrupt collapse, and rushed bailout of Long-Term Capital Management (LTCM). LTCM was a tightly-held American hedge fund founded in 1993 which commanded more than $100 billion in assets at its height, then collapsed abruptly in August/September 1998. Prompted by deep concerns about LTCM's thousands of derivative contracts, in order to avoid a panic by banks and investors worldwide, the Federal