{"id":65373,"date":"2018-08-22T00:05:12","date_gmt":"2018-08-22T04:05:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=65373"},"modified":"2018-08-24T00:43:45","modified_gmt":"2018-08-24T04:43:45","slug":"a-hedge-funds-lesson-for-the-worlds-biggest-sovereign-wealth-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2018\/a-hedge-funds-lesson-for-the-worlds-biggest-sovereign-wealth-fund.html","title":{"rendered":"A Hedge Fund\u2019s Lesson for the World\u2019s Biggest Sovereign Wealth Fund"},"content":{"rendered":"<p>(Bloomberg) \u201cBanks are watching all their profitable activities \u2014 foreign exchange, consumer finance, small company lending \u2014 being taken away by fintech companies and peer to peer lenders,\u201d hedge fund manager Crispin Odey recently told his investors. \u201cThey are starting to look like the department stores \u2014 victims of the internet.\u201d The second-quarter returns posed by the world\u2019s biggest sovereign wealth fund appear to confirm his thesis. Norway\u2019s $1 trillion wealth fund posted returns of 1.8 percent in the second quarter. Its holdings in financial shares were the weakest element, with the fund saying that \u201cbanks in particular\u201d hurt its performance. <\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-08-21\/crispin-odey-has-banks-lesson-for-norway-sovereign-wealth-fund\">To read this article: <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) \u201cBanks are watching all their profitable activities \u2014 foreign exchange, consumer finance, small company lending \u2014 being taken away by fintech companies and peer to peer lenders,\u201d hedge fund manager Crispin Odey recently told his investors. \u201cThey are starting [&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-65373","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65373","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=65373"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65373\/revisions"}],"predecessor-version":[{"id":65374,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65373\/revisions\/65374"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=65373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=65373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=65373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}