{"id":57314,"date":"2017-04-03T06:31:56","date_gmt":"2017-04-03T10:31:56","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57314"},"modified":"2017-04-03T06:31:56","modified_gmt":"2017-04-03T10:31:56","slug":"a-hedge-funds-gm-plan-gives-hedge-funds-a-bad-name","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2017\/a-hedge-funds-gm-plan-gives-hedge-funds-a-bad-name.html","title":{"rendered":"A Hedge Fund&#8217;s GM Plan Gives Hedge Funds a Bad Name"},"content":{"rendered":"<p>(Bloomberg) What exactly is the purpose of GM? If your answer is &#8220;to manufacture and sell automobiles&#8221; then you obviously haven&#8217;t been listening to David Einhorn, whose hedge fund, Greenlight Capital Inc., owns 13.2 million shares (0.88 percent) of the company&#8217;s stock, according to Bloomberg. In Einhorn&#8217;s view, it would appear, General Motors Co. exists to &#8220;unlock value&#8221; for shareholders like himself, while getting its dividend to be &#8220;respected by the market.&#8221;<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2017-03-29\/a-hedge-fund-s-gm-plan-gives-hedge-funds-a-bad-name\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) What exactly is the purpose of GM? If your answer is &#8220;to manufacture and sell automobiles&#8221; then you obviously haven&#8217;t been listening to David Einhorn, whose hedge fund, Greenlight Capital Inc., owns 13.2 million shares (0.88 percent) of the [&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-57314","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57314","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=57314"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57314\/revisions"}],"predecessor-version":[{"id":57315,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57314\/revisions\/57315"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}