{"id":53055,"date":"2016-06-15T07:37:34","date_gmt":"2016-06-15T11:37:34","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53055"},"modified":"2016-06-15T07:37:34","modified_gmt":"2016-06-15T11:37:34","slug":"platinum-to-shut-main-hedge-fund-after-kickback-scandal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2016\/platinum-to-shut-main-hedge-fund-after-kickback-scandal.html","title":{"rendered":"Platinum to Shut Main Hedge Fund After Kickback Scandal"},"content":{"rendered":"<p>(Reuters) U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an investment from a New York city union.<\/p>\n<p>New York-based Platinum told investors on a conference call on Tuesday that recent negative media attention and requests for the return of capital had forced it to begin the liquidation of its more than $700 million Platinum Partners Value Arbitrage Fund, according to a person familiar with the situation who requested anonymity because the information is private.<\/p>\n<p><a href=\"http:\/\/in.reuters.com\/article\/hedgefunds-platinum-idINL1N1961OF\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an investment from a New York city union. [&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-53055","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53055","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=53055"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53055\/revisions"}],"predecessor-version":[{"id":53056,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53055\/revisions\/53056"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}