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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.90

+4.2%

Dec 9 4:00 PM EST

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To: Roebear who wrote (20060)	9/29/1998 12:11:00 PM
From: Alex	Read Replies (1) of 116805

SEC's Levitt says "may" be more hedge fund losses WASHINGTON, Sept 29 (Reuters) - Wall Street's top regulator warned on Tuesday that there might be more hedge fund losses but added that the losses at Long-Term Capital Management were extreme. ''There may be,'' Securities and Exchange Commission Chairman Arthur Levitt told reporters after testifying before the House Commerce Committee's finance subcommittee. ''We've done our own analysis of an array of hedge firms out there. We've spoken to a number and we have reason to believe that Long-Term Capital was very extreme and not typical of typical hedge funds,'' Levitt said. (Note: this article is ''in progress''; there will likely be an update soon.) biz.yahoo.com

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