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

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To: Muhney who wrote (4218)10/16/1998 12:46:00 PM
From: Terry Thomas  Read Replies (1) of 18998
 
Muhney,

When I was listening to CNBC yesterday, talking about the rate cut, they indicated that LTCManagement would be forced to liquidate some of their positions(at a loss)because of the cut. Presumably they were short bonds. I know the rate drop weakens the dollar and provides add'l liquidity in the financial system but aren't a number of these hedge funds on the wrong side of this?
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