{"id":35853,"date":"2013-05-31T07:56:29","date_gmt":"2013-05-31T11:56:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=35853"},"modified":"2013-05-31T07:56:29","modified_gmt":"2013-05-31T11:56:29","slug":"credit-crunch-casualty-eckert-plots-hedge-fund-reincarnation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2013\/credit-crunch-casualty-eckert-plots-hedge-fund-reincarnation.html","title":{"rendered":"Credit crunch casualty Eckert plots hedge fund reincarnation"},"content":{"rendered":"<p>Reuters &#8211; As comebacks go, it&#8217;s one of the more ambitious.<\/p>\n<p>Fred Eckert &#8211; the hedge fund manager who lost $250 million of his own money, saw his firm go bankrupt in the credit crisis, went through a divorce and spent two months in a coma &#8211; is back with the launch of his new firm.<\/p>\n<p>The 65-year-old former Goldman Sachs (GS.N) executive, who once lived in one of the most expensive houses in New Jersey, has launched a new firm called Phoenix Star Capital.<\/p>\n<p>Eckert believes he has spotted an opportunity in complex debt securities, based on loans which banks are having to sell to boost their capital positions under the Basel III regulations.<\/p>\n<p>He has already an initial $100 million from investors to pursue the strategy.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2013\/05\/30\/us-eckert-phoenixstar-idUSBRE94T0ME20130530\">Read Complete Story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; As comebacks go, it&#8217;s one of the more ambitious. Fred Eckert &#8211; the hedge fund manager who lost $250 million of his own money, saw his firm go bankrupt in the credit crisis, went through a divorce and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35853","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35853","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=35853"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35853\/revisions"}],"predecessor-version":[{"id":35864,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35853\/revisions\/35864"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=35853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=35853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=35853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}