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Monday, March 20, 2023 3:28:37 PM
Not at all!
"concentrated" = a large percentage of their money tied up in that short position
Nothing "odd" in the statement at all!
And honestly, GTIII was way overvalued at that point, so it actually looks like it could still prove to be a pretty good trade! However, they may still have to come up with the NSCC requested backtesting charges...
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