{"id":26053,"date":"2011-11-17T05:10:40","date_gmt":"2011-11-17T10:10:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=26053"},"modified":"2011-11-17T05:11:19","modified_gmt":"2011-11-17T10:11:19","slug":"hedge-funds-sold-citigroup-as-shares-fell-in-third-quarter","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2011\/hedge-funds-sold-citigroup-as-shares-fell-in-third-quarter.html","title":{"rendered":"Hedge Funds Sold Citigroup as Shares Fell in Third Quarter"},"content":{"rendered":"<p>Bloomberg &#8211; Paulson &amp; Co., Lansdowne Partners LP and Lone Pine Capital LLC were among investment firms that cut stakes in\u00a0Citigroup Inc. (C)\u00a0as shares of the bank slid 38 percent in the third quarter.<\/p>\n<p>Paulson &amp; Co., founded by billionaire\u00a0John Paulson, sold about 8.4 million shares of New York-based Citigroup during the quarter while Lansdowne, Europe\u2019s biggest equity hedge fund, sold 1.3 million and Lone Pine disposed of 3.8 million, according to regulatory filings.\u00a0Hedge funds\u00a0collectively sold about 30.8 million shares, based on data compiled by Bloomberg from 757 managers.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-11-15\/hedge-funds-ejected-citigroup-as-shares-slid-in-third-quarter.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Paulson &amp; Co., Lansdowne Partners LP and Lone Pine Capital LLC were among investment firms that cut stakes in\u00a0Citigroup Inc. (C)\u00a0as shares of the bank slid 38 percent in the third quarter. Paulson &amp; Co., founded by billionaire\u00a0John [&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-26053","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26053","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=26053"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26053\/revisions"}],"predecessor-version":[{"id":26055,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26053\/revisions\/26055"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=26053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=26053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=26053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}