{"id":52762,"date":"2016-05-24T08:00:48","date_gmt":"2016-05-24T12:00:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52762"},"modified":"2016-05-24T07:56:55","modified_gmt":"2016-05-24T11:56:55","slug":"the-hedge-fund-that-couldnt-stay-open-long-enough-for-a-big-payday","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2016\/the-hedge-fund-that-couldnt-stay-open-long-enough-for-a-big-payday.html","title":{"rendered":"The Hedge Fund That Couldn&#8217;t Stay Open Long Enough for a Big Payday"},"content":{"rendered":"<p>(Bloomberg) Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we\u2019re shutting down. They\u2019d lost too much on U.S. energy companies and so became one of the 979 firms to announce their closure last year.<\/p>\n<p>That\u2019s how the 29-year-old Dodson, who specializes in financial companies, and the firm lost out on a $40 million payday, according to people with knowledge of the matter. He learned about his missed windfall from clients who called him on Dec. 30 as the Portuguese notes cratered &#8212; proving he\u2019d bet right.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-05-23\/the-little-short-that-slipped-away-in-stampede-from-hedge-funds\">to Read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out [&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-52762","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52762","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=52762"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52762\/revisions"}],"predecessor-version":[{"id":52763,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52762\/revisions\/52763"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}