{"id":33504,"date":"2013-01-21T05:57:02","date_gmt":"2013-01-21T10:57:02","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33504"},"modified":"2013-01-21T05:57:02","modified_gmt":"2013-01-21T10:57:02","slug":"pacific-group-to-convert-one-third-of-hedge-fund-assets-to-gold","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2013\/pacific-group-to-convert-one-third-of-hedge-fund-assets-to-gold.html","title":{"rendered":"Pacific Group to Convert One-Third of Hedge-Fund Assets to Gold"},"content":{"rendered":"<p>Bloomberg &#8211; The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt.<\/p>\n<p>The Hong Kong-based\u00a0asset manager\u00a0plans to take delivery of $35 million worth of gold bars that can be traded on the London Bullion Market Association and other international markets, William Kaye, its founder and chief investment officer, said in a telephone interview on Jan. 18. It has secured vault space at Hong Kong International Airport to store the gold, he said.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-01-21\/pacific-group-to-convert-one-third-of-hedge-fund-assets-to-gold.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt. The Hong [&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-33504","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33504","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=33504"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33504\/revisions"}],"predecessor-version":[{"id":33505,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33504\/revisions\/33505"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}