{"id":17883,"date":"2010-09-24T06:44:00","date_gmt":"2010-09-24T10:44:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=17883"},"modified":"2010-09-24T06:44:00","modified_gmt":"2010-09-24T10:44:00","slug":"royal-mail-a-hedge-fund-that-delivers-letters","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2010\/royal-mail-a-hedge-fund-that-delivers-letters.html","title":{"rendered":"Royal Mail: A hedge fund that delivers letters"},"content":{"rendered":"<p>BBC &#8211; Royal Mail is a hedge fund that delivers letters.\u00a0Or at least that&#8217;s what the pension-fund expert John Ralfe argues. He has spotted that Royal Mail&#8217;s vast pension fund took a massive punt on shares via the derivatives market last year.<\/p>\n<p>The accounts of the Royal Mail Pension Fund show that it had \u00a35.13bn of &#8220;economic exposure&#8221; to UK and overseas shares via futures contracts as of 31 March this year.<\/p>\n<p><strong><a href=\"http:\/\/www.bbc.co.uk\/blogs\/thereporters\/robertpeston\/2010\/09\/royal_mail_a_hedge_fund_that_d.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC &#8211; Royal Mail is a hedge fund that delivers letters.\u00a0Or at least that&#8217;s what the pension-fund expert John Ralfe argues. He has spotted that Royal Mail&#8217;s vast pension fund took a massive punt on shares via the derivatives market [&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":[],"class_list":["post-17883","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17883","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=17883"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17883\/revisions"}],"predecessor-version":[{"id":17884,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17883\/revisions\/17884"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=17883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=17883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=17883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}