Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: ASA4Me who wrote (21248)	10/9/1998 7:30:00 AM
From: cool	Read Replies (1) \| Respond to of 116782

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 *