{"id":37655,"date":"2013-08-27T11:13:14","date_gmt":"2013-08-27T15:13:14","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37655"},"modified":"2013-08-27T11:13:14","modified_gmt":"2013-08-27T15:13:14","slug":"hedge-fund-chief-dumps-jcpenney-for-490m-loss","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/hedge-fund-chief-dumps-jcpenney-for-490m-loss.html","title":{"rendered":"Hedge Fund Chief Dumps JCPenney for $490M Loss"},"content":{"rendered":"<p>Newser &#8211; After buying a huge stake in JCPenney and backing a disastrous revamp that has left the chain floundering, Bill Ackman has decided he&#8217;s done with the company.<\/p>\n<p>The Pershing Square hedge fund Ackman runs has announced its intention to unload its 18% stake in the company at a price that&#8217;s about half what it paid a few years ago, a move that will cost the fund around $490 million, USA Today reports. Ackman quit the JCPenney board earlier this month after a conflict with other directors.<\/p>\n<p><a href=\"http:\/\/www.newser.com\/story\/173231\/hedge-fund-chief-dumps-jcpenney-for-490m-loss.html?utm_source=part&amp;utm_medium=alltop&amp;utm_campaign=home_rss\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newser &#8211; After buying a huge stake in JCPenney and backing a disastrous revamp that has left the chain floundering, Bill Ackman has decided he&#8217;s done with the company. The Pershing Square hedge fund Ackman runs has announced its intention [&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-37655","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37655","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=37655"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37655\/revisions"}],"predecessor-version":[{"id":37656,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37655\/revisions\/37656"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}