{"id":45585,"date":"2014-12-23T08:31:16","date_gmt":"2014-12-23T13:31:16","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=45585"},"modified":"2014-12-23T08:31:16","modified_gmt":"2014-12-23T13:31:16","slug":"big-ocwen-bet-could-burn-hedge-fund-kingstown-capital","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2014\/big-ocwen-bet-could-burn-hedge-fund-kingstown-capital.html","title":{"rendered":"Big Ocwen Bet Could Burn Hedge Fund Kingstown Capital"},"content":{"rendered":"<p>Forbes &#8211; Value-oriented hedge fund Kingstown Capital Management may have a problem after the firm rushed headlong into the shares of mortgage servicing giant Ocwen Financial amid the firm\u2019s regulatory troubles in 2014.<\/p>\n<p>Ocwen\u2019s plunging shares accounted for 13.94% of Kingstown Capital\u2019s equity portfolio as of the third quarter, according to public filings compiled by FactSet, after the hedge fund tripled its stake in the William Erbey-founded mortgage servicer during the quarter. Were Kingstown to have held onto those Ocwen shares through the company\u2019s battles with New York Department of Financial Services superintendent Ben Lawsky this fall, the hedge fund may be bleeding red.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/antoinegara\/2014\/12\/22\/big-ocwen-bet-could-burn-hedge-fund-kingstown-capital\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Value-oriented hedge fund Kingstown Capital Management may have a problem after the firm rushed headlong into the shares of mortgage servicing giant Ocwen Financial amid the firm\u2019s regulatory troubles in 2014. Ocwen\u2019s plunging shares accounted for 13.94% of [&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-45585","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45585","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=45585"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45585\/revisions"}],"predecessor-version":[{"id":45586,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45585\/revisions\/45586"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=45585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=45585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=45585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}