{"id":52981,"date":"2016-06-09T08:19:54","date_gmt":"2016-06-09T12:19:54","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52981"},"modified":"2016-06-09T08:19:54","modified_gmt":"2016-06-09T12:19:54","slug":"sequoia-fund-cuts-almost-half-of-stake-in-valeant","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2016\/sequoia-fund-cuts-almost-half-of-stake-in-valeant.html","title":{"rendered":"Sequoia Fund Cuts Almost Half of Stake in Valeant"},"content":{"rendered":"<p>(Yahoo) Several days after appointing an investment committee and new holding restrictions in response to substantial losses on Valeant Pharmaceuticals (VRX), the Sequoia Fund sold a substantial portion of its investment in the company.<\/p>\n<p>The filing from a week ago and made public Tuesday afternoon documented a 47% reduction in the Sequoia Fundas Valeant position, to 16.1 million shares from 30.3 million shares. It also shrank the fund&#8217;s ownership of the company to 4.7% from 8.8%.<\/p>\n<p><a href=\"http:\/\/finance.yahoo.com\/news\/sequoia-fund-nearly-halves-stake-220853490.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Yahoo) Several days after appointing an investment committee and new holding restrictions in response to substantial losses on Valeant Pharmaceuticals (VRX), the Sequoia Fund sold a substantial portion of its investment in the company. The filing from a week ago [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1],"tags":[],"class_list":["post-52981","post","type-post","status-publish","format-standard","hentry","category-syndicated","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52981","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=52981"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52981\/revisions"}],"predecessor-version":[{"id":52982,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52981\/revisions\/52982"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}