{"id":39754,"date":"2013-12-30T05:55:22","date_gmt":"2013-12-30T10:55:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=39754"},"modified":"2013-12-30T05:55:22","modified_gmt":"2013-12-30T10:55:22","slug":"hedge-fund-firm-that-owns-a-town-in-california","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2013\/hedge-fund-firm-that-owns-a-town-in-california.html","title":{"rendered":"Hedge-Fund Firm That Owns a Town in California"},"content":{"rendered":"<p>WSJ &#8211; Tucked away in a river bend behind a curtain of redwood trees, Scotia is an old-fashioned company town with a contemporary twist: The company that owns the town is a New York hedge fund.<\/p>\n<p>Marathon Asset Management, with roughly $11 billion under management, never wanted to be in the business of replacing broken toilets and evicting the occasional marijuana grower. But in 2008, a bankruptcy court awarded ownership of Scotia, including its 272 homes, two churches, a hotel and several commercial buildings, to Marathon, which was a big creditor of the timber company that previously owned the town. Now, Marathon faces the prospect of spending another five years or more unloading this most illiquid of investments.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/news\/articles\/SB10001424052702304773104579270511237231076\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; Tucked away in a river bend behind a curtain of redwood trees, Scotia is an old-fashioned company town with a contemporary twist: The company that owns the town is a New York hedge fund. Marathon Asset Management, with [&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-39754","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39754","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=39754"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39754\/revisions"}],"predecessor-version":[{"id":39755,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39754\/revisions\/39755"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=39754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=39754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=39754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}