{"id":43544,"date":"2014-08-14T08:32:12","date_gmt":"2014-08-14T12:32:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43544"},"modified":"2014-08-14T08:32:12","modified_gmt":"2014-08-14T12:32:12","slug":"us-hedge-fund-bet-against-african-bank-in-2013","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2014\/us-hedge-fund-bet-against-african-bank-in-2013.html","title":{"rendered":"US hedge fund bet against African Bank in 2013"},"content":{"rendered":"<p>Business Report &#8211; Fifteen months before African Bank Investments Ltd\u2019s rescue this week, David Stemerman told his fellow US hedge fund managers to bet against the South African lender.<\/p>\n<p>Stemerman, founder of $3 billion (R32 billion) Conatus Capital Management LP, told a New York hedge-fund conference that African Bank had become vulnerable after aggressively building up its unsecured consumer lending investments and becoming too reliant on financing from the bond market.<\/p>\n<p><a href=\"http:\/\/www.iol.co.za\/business\/companies\/us-hedge-fund-bet-against-african-bank-in-2013-1.1734761\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Report &#8211; Fifteen months before African Bank Investments Ltd\u2019s rescue this week, David Stemerman told his fellow US hedge fund managers to bet against the South African lender. Stemerman, founder of $3 billion (R32 billion) Conatus Capital Management LP, [&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-43544","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43544","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=43544"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43544\/revisions"}],"predecessor-version":[{"id":43545,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43544\/revisions\/43545"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}