{"id":11262,"date":"2009-08-14T00:00:00","date_gmt":"2009-08-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"salida-back-from-the-abyss","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/salida-back-from-the-abyss.html","title":{"rendered":"Salida &#8216;back from the abyss&#8217;"},"content":{"rendered":"<p><span class=\"first-letter\">Globe and Mail &#8211; W<\/span>hen Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back.<\/p>\n<p>Salida, the once high-flying, resource-focused hedge fund manager known for its appetite for risk, became one of Canada&#8217;s high-profile victims of last year&#8217;s market meltdown when its flagship Multi Strategy Fund plunged 67 per cent and three of its hedge funds got locked up in the Lehman Brothers Holdings Inc. bankruptcy.<\/p>\n<p>That was followed by a rapid exodus of key staffers and by dwindling assets under management.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theglobeandmail.com\/globe-investor\/salida-back-from-the-abyss\/article1251152\/actions.jsp?FORM=ZZNR2\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globe and Mail &#8211; When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back. Salida, the once [&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":[6455,1007,2557,4696,13306,12970,6957,11708,37,4718,96,1517,10894,252,86,2539,15300,417,1683,3177],"class_list":["post-11262","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-appetite","tag-assets-under-management","tag-bankruptcy","tag-bidders","tag-charity-auction","tag-exodus","tag-globe-and-mail","tag-hedge-funds","tag-hedge-fund-manager","tag-lehman-brothers","tag-lehman-brothers-holdings","tag-lehman-brothers-holdings-inc","tag-lunch","tag-market-meltdown","tag-risk","tag-s-market","tag-salida-capital","tag-staffers","tag-strategy-fund","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11262","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=11262"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11262\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}