{"id":20400,"date":"2011-02-03T07:38:10","date_gmt":"2011-02-03T11:38:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=20400"},"modified":"2011-02-03T07:38:10","modified_gmt":"2011-02-03T11:38:10","slug":"wells-fargo-backed-hedge-fund-said-to-seek-money-as-bank-withdraws-capital","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2011\/wells-fargo-backed-hedge-fund-said-to-seek-money-as-bank-withdraws-capital.html","title":{"rendered":"Wells Fargo-Backed Hedge Fund Said to Seek Money as Bank Withdraws Capital"},"content":{"rendered":"<p>Bloomberg &#8211; Wells Fargo &amp; Co. plans to withdraw the capital from its affiliated hedge-fund firm, Overland Advisors LLC, as the asset manager seeks new investors, two people with direct knowledge of the matter said.<\/p>\n<p>Wells Fargo, responding to U.S. curbs on risk-taking by banks, will withdraw about $150 million every quarter through the first half of 2014, said one of the people, declining to be identified because the move isn\u2019t public. Overland manages about $2.1 billion, according to a two-page factsheet provided by Laura Fay, a bank spokeswoman. The fund is looking to raise $1 billion from outside investors, the people said.<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/news\/2011-02-03\/wells-fargo-backed-hedge-fund-said-to-seek-money-as-bank-withdraws-capital.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Wells Fargo &amp; Co. plans to withdraw the capital from its affiliated hedge-fund firm, Overland Advisors LLC, as the asset manager seeks new investors, two people with direct knowledge of the matter said. Wells Fargo, responding to U.S. [&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-20400","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20400","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=20400"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20400\/revisions"}],"predecessor-version":[{"id":20402,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20400\/revisions\/20402"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=20400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=20400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=20400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}