{"id":12744,"date":"2009-11-02T08:53:53","date_gmt":"2009-11-02T12:53:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12744"},"modified":"2009-11-02T08:53:53","modified_gmt":"2009-11-02T12:53:53","slug":"galleons-switch-to-cash-may-ease-redemptions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2009\/galleons-switch-to-cash-may-ease-redemptions.html","title":{"rendered":"Galleon&#8217;s switch to cash may ease redemptions"},"content":{"rendered":"<p>The assets of Galleon Group have not been frozen by the US authorities and there should be no hold up in returning money to investors, a source familiar with the matter said.<\/p>\n<p>More than 90 per cent of the funds are now in cash, he said in an update on the unwinding of the US$3.7 billion portfolio as the hedge fund prepares to return money to investors following the shocking arrest of founder Raj Rajaratnam two weeks ago.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/business.asiaone.com\/Business\/News\/My%2BMoney\/Story\/A1Story20091030-176879.html\" target=\"_blank\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The assets of Galleon Group have not been frozen by the US authorities and there should be no hold up in returning money to investors, a source familiar with the matter said. More than 90 per cent of the funds [&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":[11148],"class_list":["post-12744","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-hedge-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12744","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=12744"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12744\/revisions"}],"predecessor-version":[{"id":12746,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12744\/revisions\/12746"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}