{"id":33563,"date":"2013-01-24T10:31:22","date_gmt":"2013-01-24T15:31:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33563"},"modified":"2013-01-24T10:31:22","modified_gmt":"2013-01-24T15:31:22","slug":"apples-stock-drop-might-bite-hedge-funds-badly","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2013\/apples-stock-drop-might-bite-hedge-funds-badly.html","title":{"rendered":"Apple&#8217;s Stock Drop Might Bite Hedge Funds Badly"},"content":{"rendered":"<p>Forbes &#8211; Last year the billionaire hedge fund manager David Einhorn predicted that Apple\u2019s market capitalization could hit $1 trillion. He long ago made Apple one of his hedge fund\u2019s biggest holdings and in a letter dated just two days ago Einhorn told his investors he had purchased more Apple shares as the price declined late last year. \u201cWe used the lower prices as an opportunity to repurchase the shares we sold in the third quarter,\u201d Einhorn wrote.<\/p>\n<p>Einhorn\u2019s hedge fund was down 4.9% net of fees in the fourth quarter of 2012, thanks partly to the performance of Apple\u2019s shares. \u201cOur Apple was bruised,\u201d he noted to his investors. The question now is, will Apple sink Einhorn and other hedge funds in 2013?<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/nathanvardi\/2013\/01\/24\/apples-stock-drop-might-bite-hedge-funds-badly\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Last year the billionaire hedge fund manager David Einhorn predicted that Apple\u2019s market capitalization could hit $1 trillion. He long ago made Apple one of his hedge fund\u2019s biggest holdings and in a letter dated just two days [&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-33563","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33563","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=33563"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33563\/revisions"}],"predecessor-version":[{"id":33565,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33563\/revisions\/33565"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}