Word: julians
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...dollar squarely in the sights of speculators, who have been dumping the currency on foreign-exchange markets and thereby driving down its value. According to the Wall Street Journal, the big winners have included billion-dollar hedge funds headed by such famed managers as George Soros and Julian Robertson; Robertson's Tiger Management fund reportedly raked in some $150 million in 10 days of trading. Says Peter Morgan, an economist for Merrill Lynch in Tokyo: "There is a feeling that speculative forces are challenging the central banks just as they did in 1992," when Britain was forced to devalue...
...former executive said there was verylittle chance for Julian's recovery because thehigh-end line does not bring in much revenue andfirms will not be quick to pick up a license aftera company has been liquidated...
...Julian has no way to support the staff he hopesto keep on at the company, the executive said...
...executive also said Julian is not a viableplayer in the fashion industry at this pointbecause he has "a lot of debts outstanding whichdamage his credibility...
...example, the former employee said themodels at Julian's last fashion show had not beenpaid. "No model will ever work for him againunless those debts are paid," the executive said...