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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Link Lady who wrote (16505)	9/24/1998 6:16:00 PM
From: Monty Lenard	Respond to of 18056

Hi Wendy, maybe they will give back their Nobel prize or put it up as collateral. <g> Long-Term, which boasts two Nobel prize winners and prominent ex-investment bankers among its officers Monty

To: Link Lady who wrote (16505)	9/24/1998 6:44:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 18056

Fund Rescue Raises Alarm scmp.com << Fears that arbitrage losses among finance houses could spin out of control mounted in the wake of a US$3.75 billion bailout of one of the largest hedge funds in the United States. Regulators tightened scrutiny of institutions' positions yesterday and hedge-fund managers warned of more carnage to come as the Federal Reserve Bank of New York brokered a rescue of the troubled fund, Long-Term Capital Management (LTCM). >> << Rumours that an even more highly leveraged hedge fund than LTCM is facing troubles have been circulating for most of the week. >> Hi Wendy, Hang on to your seat again, there is more to come. < g > John