{"id":53072,"date":"2016-06-16T09:53:51","date_gmt":"2016-06-16T13:53:51","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53072"},"modified":"2016-06-16T09:53:51","modified_gmt":"2016-06-16T13:53:51","slug":"hedge-funds-asked-to-take-a-hit-as-iceland-frees-2-4-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2016\/hedge-funds-asked-to-take-a-hit-as-iceland-frees-2-4-billion.html","title":{"rendered":"Hedge Funds Asked to Take a Hit as Iceland Frees $2.4 Billion"},"content":{"rendered":"<p>(Bloomberg) Hedge funds will be asked to take a hit as Iceland embarks on the last crucial step in dismantling its more than seven-year-old capital control regime.<\/p>\n<p>The central bank is on Thursday offering part of its foreign currency reserves in an auction to exchange $2.4 billion of mostly kronur-denominated Glacier bonds held by hedge funds including Loomis Sayles and Eaton Vance Management. They will be asked accept euros at a rate of as much as 50 percent below the official rate. The auction runs from 10 a.m. to 2 p.m. local time and the results will be published no later than June 22.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-06-16\/hedge-funds-asked-to-take-a-hit-as-iceland-frees-2-4-billion\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Hedge funds will be asked to take a hit as Iceland embarks on the last crucial step in dismantling its more than seven-year-old capital control regime. The central bank is on Thursday offering part of its foreign currency reserves [&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-53072","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53072","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=53072"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53072\/revisions"}],"predecessor-version":[{"id":53073,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53072\/revisions\/53073"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}