{"id":20077,"date":"2011-01-21T05:19:12","date_gmt":"2011-01-21T09:19:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=20077"},"modified":"2011-01-21T05:19:12","modified_gmt":"2011-01-21T09:19:12","slug":"man-group-hit-by-client-withdrawing-1bn","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2011\/man-group-hit-by-client-withdrawing-1bn.html","title":{"rendered":"Man Group hit by client withdrawing $1bn"},"content":{"rendered":"<p>Telegraph &#8211; Man bought GLG for $1.6bn to lessen its dependence on computer-driven funds but $1bn of redemptions were from GLG itself. The money, which was withdrawn by a single client, is understood to have come from a European sovereign wealth fund.<\/p>\n<p>However, although such a large single withdrawal has reputational impact, the move will have very little bearing on the business&#8217;s financial health.<\/p>\n<p><strong><a href=\"http:\/\/www.telegraph.co.uk\/finance\/newsbysector\/banksandfinance\/8272688\/Man-Group-hit-by-client-withdrawing-1bn.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph &#8211; Man bought GLG for $1.6bn to lessen its dependence on computer-driven funds but $1bn of redemptions were from GLG itself. The money, which was withdrawn by a single client, is understood to have come from a European sovereign [&hellip;]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-20077","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20077","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=20077"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20077\/revisions"}],"predecessor-version":[{"id":20078,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20077\/revisions\/20078"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=20077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=20077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=20077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}