Nicholas Dunbar, Author: “Inventing Money”
Alpha Exchange
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Solomon's Unwinding of the Prop Desk
There was a discussion internally among the partners when some of the var limits started to get breached with some consistency they printed that first bad month I want to say it might have been June of 98. So there was a discussion about what to do you're breaching your var limits the portfolio is too big let's trim it but there's a lot of ways to go about that take us through that internal conversation and the advocates for different kind of strategies in terms of reducing the risk in the portfolio.
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