{"id":23290,"date":"2011-07-01T08:12:23","date_gmt":"2011-07-01T12:12:23","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23290"},"modified":"2011-07-01T08:12:23","modified_gmt":"2011-07-01T12:12:23","slug":"libyan-managers-sought-to-cut-losing-hedge-fund-holdings-document-shows","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/libyan-managers-sought-to-cut-losing-hedge-fund-holdings-document-shows.html","title":{"rendered":"Libyan Managers Sought to Cut Losing Hedge Fund Holdings, Document Shows"},"content":{"rendered":"<p>Bloomberg &#8211; Libya\u2019s $64 billion sovereign wealth fund sought to cut holdings in hedge funds after losing on investments including bets with Millennium Global Investments Ltd., according to a document distributed by U.K. human-rights group Global Witness.<\/p>\n<p>The Libyan Investment Authority, or LIA, invested $4.5 billion is so-called alternative assets, according to an LIA \u201cManagement Information Report\u201d dated Sept. 30. KPMG LLP, which was advising the fund, recommended reducing the holdings by $2.4 billion amid high fees and sluggish performance, the document shows.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-06-30\/libya-sought-to-cut-losing-hedge-fund-holdings-document-shows.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Libya\u2019s $64 billion sovereign wealth fund sought to cut holdings in hedge funds after losing on investments including bets with Millennium Global Investments Ltd., according to a document distributed by U.K. human-rights group Global Witness. The Libyan Investment [&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-23290","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23290","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=23290"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23290\/revisions"}],"predecessor-version":[{"id":23291,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23290\/revisions\/23291"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}