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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: ASA4Me who wrote (21248)	10/9/1998 7:30:00 AM
From: cool	Read Replies (1) of 116786

LTCM has used about $1.9 bln of funds so far -WSJ LTCM has used about $1.9 bln of funds so far -WSJ NEW YORK, Oct 9 (Reuters) - Long-Term Capital Management LP has gone through about $1.9 billion of the $3.625 billion it received from a group of financial institutions, people close to the situation said, the Wall Street Journal reported Friday. The $1.9 billion may may include market losses, but much of it was used to pay off a $483 million loan facility led by Chase Manhattan Corp. <CMB.N> to cancel repurchase agreements and to pay charges on trades with other parties, the report said. So all told the hedge fund had about $1.7 billion in cash as of Monday, sources told the Journal. ((-- New York Equity News at 212 859-1700, fax 212-859-1717 or nyc.equities.newsroom@reuters.com)) REUTERS * end of story *

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