{"id":35427,"date":"2013-05-13T11:02:40","date_gmt":"2013-05-13T15:02:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=35427"},"modified":"2013-05-13T11:02:40","modified_gmt":"2013-05-13T15:02:40","slug":"detroits-municipal-debt-attracting-hedge-fund-vultures","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2013\/detroits-municipal-debt-attracting-hedge-fund-vultures.html","title":{"rendered":"Detroit\u2019s municipal debt attracting hedge fund \u2018vultures\u2019"},"content":{"rendered":"<p>Reuters &#8211; Hedge funds have found success in the last two decades in corporate bankruptcies, but now they have set their sights on struggling municipalities, \u201cand no place beckons like Detroit,\u201d according to a report in Reuters called \u201cAnalysis: Hedge funds in search of distress take a look at Detroit.\u201d<\/p>\n<p>With Detroit\u2019s billions of dollars in long-term debt, Reuters notes that the city\u2019s bankruptcy would be comparable to some of the largest corporate restructurings, should it go down that route. The size of Detroit\u2019s debt means that the hedge funds could take large chunks of it at time \u2013 hundreds of millions of dollars \u2013 making it a more attractive investment.<\/p>\n<p><a href=\"http:\/\/www.mlive.com\/business\/detroit\/index.ssf\/2013\/05\/reuters_detroits_municipal_deb.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge funds have found success in the last two decades in corporate bankruptcies, but now they have set their sights on struggling municipalities, \u201cand no place beckons like Detroit,\u201d according to a report in Reuters called \u201cAnalysis: Hedge [&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-35427","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35427","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=35427"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35427\/revisions"}],"predecessor-version":[{"id":35428,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35427\/revisions\/35428"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=35427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=35427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=35427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}