{"id":52832,"date":"2016-05-31T08:07:48","date_gmt":"2016-05-31T12:07:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52832"},"modified":"2016-05-31T08:07:48","modified_gmt":"2016-05-31T12:07:48","slug":"pelargos-joins-hedge-funds-bet-on-turnaround-at-honda","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2016\/pelargos-joins-hedge-funds-bet-on-turnaround-at-honda.html","title":{"rendered":"Pelargos Joins Hedge Funds\u2019 Bet on Turnaround at Honda"},"content":{"rendered":"<p>(Bloomberg) Pelargos Capital BV, a Dutch hedge fund manager that\u2019s prospered by snapping up battered stocks, is adding to its stake in Honda Motor Co. and is predicting that shares may double, joining other investors placing faith in a recovery for the besieged automaker.<\/p>\n<p>\u201cThe market clearly hates Honda,\u201d said Michael Kretschmer, chief investment officer of Pelargos, a manager of $237 million that was spun off from insurer Aegon NV. \u201cIf you assume in the long run they will go back to profitability, like they have in the past, you can easily double your money on Honda.\u201d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-05-30\/pelargos-joins-hedge-funds-bet-on-turnaround-at-battered-honda\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Pelargos Capital BV, a Dutch hedge fund manager that\u2019s prospered by snapping up battered stocks, is adding to its stake in Honda Motor Co. and is predicting that shares may double, joining other investors placing faith in a recovery [&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-52832","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52832","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=52832"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52832\/revisions"}],"predecessor-version":[{"id":52833,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52832\/revisions\/52833"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}