{"id":12541,"date":"2009-10-15T07:32:29","date_gmt":"2009-10-15T11:32:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12541"},"modified":"2009-10-15T07:32:29","modified_gmt":"2009-10-15T11:32:29","slug":"conseco-shares-soar-on-hedge-fund-investment","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2009\/conseco-shares-soar-on-hedge-fund-investment.html","title":{"rendered":"Conseco shares soar on hedge-fund investment"},"content":{"rendered":"<p>Indianapolis Business Journal &#8211; Wall Street loves Conseco Inc.&#8217;s deal to get a $278 million shot in the arm from a New York hedge fund.<\/p>\n<p>Shares of the Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, in morning trading after New York-based Paulson &amp; Co. agreed to buy $78 million in Conseco stock and $200 million in company bonds.<\/p>\n<p>Paulson chief John Paulson is well-known today for betting in 2007 that subprime mortgages would plummet. According to Bloomberg News, his main fund returned 37 percent last year, compared with an average 19-percent loss for hedge funds. Now he&#8217;s betting on financial firms, including Bank of America Corp., Goldman Sachs Group Inc. and now Conseco, to come roaring out of the recession.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.ibj.com\/conseco-shares-soar-on-hedge-fund-investment\/PARAMS\/article\/7540\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indianapolis Business Journal &#8211; Wall Street loves Conseco Inc.&#8217;s deal to get a $278 million shot in the arm from a New York hedge fund. Shares of the Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3283,11148,11708],"class_list":["post-12541","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-fund-investment","tag-hedge-fund","tag-hedge-funds"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12541","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12541"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12541\/revisions"}],"predecessor-version":[{"id":12543,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12541\/revisions\/12543"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}