{"id":37180,"date":"2013-08-05T09:49:22","date_gmt":"2013-08-05T13:49:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37180"},"modified":"2013-08-05T09:49:22","modified_gmt":"2013-08-05T13:49:22","slug":"will-rhode-islands-big-bet-on-hedge-funds-pay-off","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/will-rhode-islands-big-bet-on-hedge-funds-pay-off.html","title":{"rendered":"Will Rhode Island\u2019s big bet on hedge funds pay off?"},"content":{"rendered":"<p>Providence Journal &#8211; A few weeks ago, New York billionaire hedge fund trader Daniel Loeb, who has $66 million in Rhode Island state pension funds, made nearly 10 times that when he sold 40 million shares of Yahoo stock, two years after buying a stake in the Internet giant and orchestrating Marissa Mayer\u2019s hiring as CEO.<\/p>\n<p>In the spring, another billionaire hedge fund manager, Paul Singer, who has $70 million in Rhode Island pension money, made headlines for buying up Hess Corp. stock and forcing a board shakeup to prod the oil company to pursue fracking for natural gas. The jury\u2019s still out on that deal.<\/p>\n<p><a href=\"http:\/\/www.providencejournal.com\/breaking-news\/content\/20130803-will-rhode-islands-big-bet-on-hedge-funds-pay-off.ece\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Providence Journal &#8211; A few weeks ago, New York billionaire hedge fund trader Daniel Loeb, who has $66 million in Rhode Island state pension funds, made nearly 10 times that when he sold 40 million shares of Yahoo stock, two [&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-37180","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37180","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=37180"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37180\/revisions"}],"predecessor-version":[{"id":37181,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37180\/revisions\/37181"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}