{"id":10159,"date":"2009-03-23T00:00:00","date_gmt":"2009-03-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"weavering-to-liquidate-largest-fund-amid-swap-probe","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/weavering-to-liquidate-largest-fund-amid-swap-probe.html","title":{"rendered":"Weavering to Liquidate Largest Fund Amid Swap Probe"},"content":{"rendered":"<p>Bloomberg &#8211; Signet Capital Management Ltd., a hedge fund investor that overseas about $2 billion, wrote down to zero an investment in Weavering Capital, the London-based hedge fund that filed for administration last week. <\/p>\n<p>PricewaterhouseCoopers LLP is liquidating the $506 million Weavering Macro Fixed Income Fund after discovering the fund had $637 million in swap agreements with a company controlled by Magnus Peterson, the firm&rsquo;s founder. That company &ldquo;lacked the value to support the swaps,&rdquo; PwC said. <\/p>\n<p><strong><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601102&#038;sid=aHHXL1X8aNQw&#038;refer=uk\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Signet Capital Management Ltd., a hedge fund investor that overseas about $2 billion, wrote down to zero an investment in Weavering Capital, the London-based hedge fund that filed for administration last week. PricewaterhouseCoopers LLP is liquidating the $506 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,132,9364,9363,1156,3364,9365,4259],"class_list":["post-10159","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bloomberg","tag-capital-management-ltd","tag-category-indexes","tag-february-hedge-fund-performance","tag-fund-investor","tag-london","tag-stimulus-package","tag-swaps"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10159"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10159\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}