Victor Haghani

Victor Haghani (born 1962) is an Iranian-American founder of Elm Wealth, a research-driven wealth advisor and manager.

Haghani was one of the founding partners of Long-Term Capital Management (LTCM), a hedge fund which collapsed in 1998 and was eventually recapitalized and restructured by a consortium of leading banks. After the liquidation of LTCM, he became a founding partner of JWM Partners which managed a successor fund to LTCM.

Family and education The son of an Iranian international trader of a Sephardic Jewish family, Victor Haghani graduated from the London School of Economics (LSE) in 1984, where he received a B.Sc. degree in Economics. He has also taught at the LSE, where he is a Senior Research Associate in the FMG.

Career Haghani started his career in 1984 in the bond research department of Salomon Brothers and then became a managing director in the bond arbitrage group run by John Meriwether. In 1993, he co-founded Long-Term Capital Management with seven other partners. In 1993, he set up the LTCM office in London. Haghani stayed on at LTCM through 1999 to assist in the liquidation of LTCM. Elm uses index-tracking funds to invest across the largest asset classes and tries to give its clients broad exposure to global economic growth at the lowest possible cost.

Among other topics, James White and Victor Haghani discuss the field of ergodicity economics in their book The Missing Billionaires.

Books The Missing Billionaires (2023)