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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (3259)9/25/1998 10:24:00 PM
From: Steve Hirsch  Read Replies (1) of 18998
 
Mr. Pink,

As a hedge fund manager, any thoughts regarding the failure of Long Term Capital Management? How did their supposedly nearly risk free trading strategy of capitalizing on momentary market inefficiencies go so far awry?
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