"LTCM partners borrowed large sums for stakes - WSJ"
Tuesday October 6, 5:48 am Eastern Time
LTCM partners borrowed large sums for stakes -WSJ
NEW YORK, Oct 6 (Reuters) - Four Long-Term Capital Management LP partners, including bond-arbitrage trader Lawrence Hilibrand and currency trader Hans Hufschmid, borrowed a total of nearly $43 million to make equity investments in the now-beleaguered hedge fund, people familiar with the situation said, the Wall Street Journal reported Tuesday.
Hilibrand and Hufschmid were the biggest borrowers, taking out personal loans of $24 million and $14.6 million, respectively, sources said, according to the report.
Two other partners, Arjun Krishnamacher and Gregory Hawkins, are also on the hook personally, borrowing $2.7 million and $1.3 million, respectively, according to sources, the report said.
(http://biz.yahoo.com/rf/981006/d4.html) |
