{"id":40292,"date":"2014-01-28T07:18:38","date_gmt":"2014-01-28T12:18:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=40292"},"modified":"2014-01-28T07:35:16","modified_gmt":"2014-01-28T12:35:16","slug":"vulture-hedge-funds-fight-over-europes-debt","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2014\/vulture-hedge-funds-fight-over-europes-debt.html","title":{"rendered":"Vulture Hedge Funds Fight Over Europe&#8217;s Debt"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/BVulh.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-40294\" alt=\"BVulh\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/BVulh.jpg\" width=\"360\" height=\"230\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/BVulh.jpg 600w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/01\/BVulh-300x192.jpg 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/><\/a>New York (HedgeCo.Net) &#8211; Marathon Asset Management, the New York-based $11 billion hedge fund is reported to be starting a hedge fund to focus on European distressed debt.<\/p>\n<p>&#8220;The $530 million fund was opened on Jan. 15 and will start with investments in Spain, Germany and Ireland,&#8221; The NYT reports. &#8220;Private equity firms Apollo Global Management and\u00a0the Blackstone Group\u00a0have been fighting over assets in Spain, while hedge funds like\u00a0John Paulson\u2019s Paulson &amp; Company and Daniel Loeb\u2019s Third Point have been circling assets in Greece.&#8221;<\/p>\n<p>Marathon Asset Management is one of the companies accused of threatening to block the European attempt to save Greece from\u00a0defaulting\u00a0unless they were guaranteed a significant payout.<\/p>\n<p>The hedge fund run by Bruce Richards and\u00a0Louis Hanover,\u00a0also owns the town of Scotia in Northern California.\u00a0\u00a0A bankruptcy court in 2008 awarded the town&#8217;s 272 homes, two churches, a hotel and several commercial buildings to the hedge fund.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Marathon Asset Management, the New York-based $11 billion hedge fund is reported to be starting a hedge fund to focus on European distressed debt. &#8220;The $530 million fund was opened on Jan. 15 and will start [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9,16044,3],"tags":[],"class_list":["post-40292","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-hedge-fund-launches","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40292","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=40292"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40292\/revisions"}],"predecessor-version":[{"id":40299,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40292\/revisions\/40299"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=40292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=40292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=40292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}