{"id":36650,"date":"2013-07-11T09:42:22","date_gmt":"2013-07-11T13:42:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36650"},"modified":"2013-07-11T09:42:22","modified_gmt":"2013-07-11T13:42:22","slug":"seth-klarmans-baupost-hedge-fund-loses-more-than-150-million-on-gold-miners","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/seth-klarmans-baupost-hedge-fund-loses-more-than-150-million-on-gold-miners.html","title":{"rendered":"Seth Klarman&#8217;s Baupost Hedge Fund Loses More Than $150 Million On Gold Miners"},"content":{"rendered":"<p>Forbes &#8211; In October, Marcel \u201cMac\u201d DeGuire became president and chief operating officer of Guyana Goldfields, an exploration-stage company listed on the Toronto Stock Exchange that has been losing money trying to develop gold mines in South America for years.<\/p>\n<p>Within a few weeks DeGuire was helping to convince investors to buy into a Guyana Goldfields financing for C$3.40 a share, a significant fund raise for the company of some $100 million that closed in February. Eleven days later, however, DeGuire resigned from Guyana Goldfields, citing \u201cpersonal reasons.\u201d The stock has plunged by more than 60% in 2013 and is now changing hands for C$1.24.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/nathanvardi\/2013\/07\/10\/seth-klarmans-baupost-hedge-fund-loses-more-than-150-million-on-gold-miners\/\" target=\"_blank\"><strong>Read Compete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; In October, Marcel \u201cMac\u201d DeGuire became president and chief operating officer of Guyana Goldfields, an exploration-stage company listed on the Toronto Stock Exchange that has been losing money trying to develop gold mines in South America for years. [&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-36650","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36650","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=36650"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36650\/revisions"}],"predecessor-version":[{"id":36651,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36650\/revisions\/36651"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}