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To: Henry Volquardsen who wrote (1936)7/7/1999 11:42:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 3536
 
Very Interesting....

Well the article is some what pedestrian for someone of your knowledge in the LTCM world. And the article was light on hard facts.

However, I know from conversations that a number of insurance companies were/are highly leveraged and getting themselves in trouble with the quality of advice. In some cases the officers actually didn't know the extent of involvement.

This conversation was a year ago. Maybe today they understand the risks better with LTCM and Frankel.

Is the rumor true Henry...Did you party with Martin?



To: Henry Volquardsen who wrote (1936)7/7/1999 11:49:00 AM
From: Paul Berliner  Read Replies (1) | Respond to of 3536
 
What was LTCM's actual max leverage? I thought it was something like 20-to-1, while most other similar hedge funds are 10-to-1 and most commercial banks are also 10-to-1.