Leon Levy is currently the chairman of the board of trustees of the New York—based Oppenheimer Funds. He is president of the Institute for Advanced Study in Princeton, and vice-chairman of the Jerome Levy Institute for Economic Research at Bard College. (December 1998)

IN THE REVIEW

Hedge Fund Mysteries

When the investment fund called Long-Term Capital Management almost collapsed last August, the event sent tremors throughout the financial world. Many feared that Long-Term Capital’s problems would spread to other institutions as the prices of financial assets generally fell. Suddenly attention was concentrated on the arcane and mostly unregulated investments …

Wall Street Blues

Leon Levy started his career on Wall Street as a security analyst and became a partner in Oppenheimer & Co., then a small brokerage firm, in 1951. He and his partner, Jack Nash, built the firm into one of the leading brokerage and mutual fund companies in the nation. They …