{"id":52009,"date":"2016-03-30T10:16:48","date_gmt":"2016-03-30T14:16:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52009"},"modified":"2016-03-30T10:16:10","modified_gmt":"2016-03-30T14:16:10","slug":"hedge-fund-luxor-capital-alters-terms-of-withdrawal-plan","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2016\/hedge-fund-luxor-capital-alters-terms-of-withdrawal-plan.html","title":{"rendered":"Hedge Fund Luxor Capital Alters Terms of Withdrawal Plan"},"content":{"rendered":"<p>(Reuters)Luxor Capital, a $3.8 billion hedge fund that has been losing money for months, said on Monday it will not be returning exiting investors cash in full, keeping a portion locked up until some illiquid investments can be sold.<\/p>\n<p>Instead of returning all exiting clients&#8217; assets in cash, investors will receive 88 percent of their money back while 12 percent of the investments will be held in a so-called special purpose vehicle, Luxor&#8217;s founder, Christian Leone, wrote in a letter seen by Reuters.The announcement comes before a critical March 31 redemption deadline and aims to treat all investors &#8220;fairly,&#8221; the letter said.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-hedgefunds-luxor-exclusive-idUSKCN0WU1SH\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters)Luxor Capital, a $3.8 billion hedge fund that has been losing money for months, said on Monday it will not be returning exiting investors cash in full, keeping a portion locked up until some illiquid investments can be sold. Instead [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52009","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52009","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52009"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52009\/revisions"}],"predecessor-version":[{"id":52010,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52009\/revisions\/52010"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}