{"id":10748,"date":"2009-06-04T00:00:00","date_gmt":"2009-06-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"pearl-chief-hugh-osmond-pays-price-for-capital-boost-and-debt-cut","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/pearl-chief-hugh-osmond-pays-price-for-capital-boost-and-debt-cut.html","title":{"rendered":"Pearl chief Hugh Osmond pays price for capital boost and debt cut"},"content":{"rendered":"<p> Times Online &#8211; Hugh Osmond is sitting on a multimillion-pound paper loss after his Pearl  Group life assurer agreed a deal to trim its &pound;3 billion debt burden and  bring in new equity investors. <\/p>\n<p> Pearl secured a &pound;500 million injection from Liberty Acquisition Holdings, a  company controlled by two New York-based investors, one of whom is Nicolas  Berggruen, a billionaire hedge fund investor with a personal wealth  estimated at &pound;1.8 billion, according to the <em>Sunday Times Rich List<\/em>.  He is known in hedge fund circles as the &ldquo;homeless billionaire&rdquo; because he  lives in hotels. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/business.timesonline.co.uk\/tol\/money\/insurance\/article6426759.ece\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; Hugh Osmond is sitting on a multimillion-pound paper loss after his Pearl Group life assurer agreed a deal to trim its &pound;3 billion debt burden and bring in new equity investors. Pearl secured a &pound;500 million injection [&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":[3491,608,12647,12644,12642,1156,12646,11148,8138,12640,8601,12638,12645,12641,12639,12643],"class_list":["post-10748","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-acquisition","tag-billionaire","tag-circles","tag-debt-burden","tag-equity-investors","tag-fund-investor","tag-group-life","tag-hedge-fund","tag-hotels","tag-hugh-osmond","tag-multimillion-pound","tag-nicolas-berggruen","tag-personal-wealth","tag-pound-paper","tag-sunday-times-rich-list","tag-times-rich-list"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10748","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=10748"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10748\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}