{"id":62545,"date":"2018-02-28T00:12:49","date_gmt":"2018-02-28T05:12:49","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62545"},"modified":"2018-03-02T00:42:42","modified_gmt":"2018-03-02T05:42:42","slug":"hedge-funds-caught-short-by-provident-financial-squeeze","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2018\/hedge-funds-caught-short-by-provident-financial-squeeze.html","title":{"rendered":"Hedge Funds Caught Short by Provident Financial Squeeze"},"content":{"rendered":"<p>(Reuters) Hedge funds were caught out by a big short in Provident Financial when the British sub-prime lender revealed plans to shore up its balance sheet on Tuesday, triggering a squeeze which drove a near 90 percent spike in its share price.   Provident\u2019s 331 million pound ($462 million) fully underwritten cash-call was smaller than the 500 million pounds some had expected, catching a number of hedge funds on the hop and potentially exposing them to losses on their trades.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/provident-fin-hedgefunds\/hedge-funds-caught-short-by-provident-financial-squeeze-idUSL8N1QH33V\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Hedge funds were caught out by a big short in Provident Financial when the British sub-prime lender revealed plans to shore up its balance sheet on Tuesday, triggering a squeeze which drove a near 90 percent spike in its [&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-62545","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62545","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=62545"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62545\/revisions"}],"predecessor-version":[{"id":62546,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62545\/revisions\/62546"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}