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To: baystock who wrote (26)	7/26/1998 1:15:00 AM
From: peter michaelson	Read Replies (1) of 47

Ram: I've considered that, but I would have to hedge the long positions in the other Aisa countries if I wanted to use just the long Thailand position against a TTF short. I should look again though, as versus a TC long (at 75% premium) or London funds with their attendant high transaction costs. How recent is the portfolio data on TVF? Peter

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