{"id":30659,"date":"2012-08-14T06:52:19","date_gmt":"2012-08-14T10:52:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30659"},"modified":"2012-08-14T06:52:19","modified_gmt":"2012-08-14T10:52:19","slug":"hedge-funds-have-74-billion-as-europe-fire-sale-delayed","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2012\/hedge-funds-have-74-billion-as-europe-fire-sale-delayed.html","title":{"rendered":"Hedge Funds Have $74 Billion As Europe Fire Sale Delayed"},"content":{"rendered":"<p>Bloomberg &#8211; Hedge funds\u00a0and private-equity firms have amassed an unprecedented 60 billion euros ($74 billion) to invest in distressed debt in anticipation that Europe\u2019s sovereign-debt crisis will push banks into the biggest fire sale in history. The problem is few are selling.<\/p>\n<p>Apollo Global Management LLC (APO),\u00a0Oaktree Capital Group LLC (OAK), Avenue Capital Group LLC and Davidson Kempner Capital Management LLC are among U.S. firms that have flocked to Europe, setting up offices and raising funds to benefit from the most severe period of distress in the region. The money raised for distressed-debt funds gives the firms about 100 billion euros to spend on deals including leverage, according to PricewaterhouseCoopers LLP.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-08-13\/hedge-funds-have-74-billion-as-europe-fire-sale-delayed.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Hedge funds\u00a0and private-equity firms have amassed an unprecedented 60 billion euros ($74 billion) to invest in distressed debt in anticipation that Europe\u2019s sovereign-debt crisis will push banks into the biggest fire sale in history. The problem is few [&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-30659","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30659","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=30659"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30659\/revisions"}],"predecessor-version":[{"id":30661,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30659\/revisions\/30661"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}