{"id":37296,"date":"2013-08-09T12:25:13","date_gmt":"2013-08-09T16:25:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37296"},"modified":"2013-08-09T12:25:13","modified_gmt":"2013-08-09T16:25:13","slug":"hedge-fund-gso-scores-win-with-mbia-bet","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/hedge-fund-gso-scores-win-with-mbia-bet.html","title":{"rendered":"Hedge Fund GSO Scores Win With MBIA Bet"},"content":{"rendered":"<p>WSJ &#8211; When MBIA Inc. and Bank of America Corp. agreed in May to settle a four-year-old lawsuit, traders at GSO Capital Partners erupted in cheers.<\/p>\n<p>The agreement gave the New York hedge fund owned by Blackstone Group LP a $100 million profit plying one of Wall Street&#8217;s most-contentious trades since the financial crisis: whether MBIA, an Armonk, N.Y., bond-insurance company, would emerge intact from a cash crunch dating back to the U.S. housing bust and a related legal battle involving 18 banks and New York&#8217;s insurance regulator.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887323838204579000672885458550.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; When MBIA Inc. and Bank of America Corp. agreed in May to settle a four-year-old lawsuit, traders at GSO Capital Partners erupted in cheers. The agreement gave the New York hedge fund owned by Blackstone Group LP a [&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-37296","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37296","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=37296"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37296\/revisions"}],"predecessor-version":[{"id":37297,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37296\/revisions\/37297"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}