{"id":65943,"date":"2018-09-28T01:03:25","date_gmt":"2018-09-28T05:03:25","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=65943"},"modified":"2018-09-28T01:03:25","modified_gmt":"2018-09-28T05:03:25","slug":"ceos-plan-to-save-sears-would-hand-his-hedge-fund-1-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2018\/ceos-plan-to-save-sears-would-hand-his-hedge-fund-1-billion.html","title":{"rendered":"CEO\u2019s Plan to Save Sears Would Hand His Hedge Fund $1 Billion"},"content":{"rendered":"<p>\n(Bloomberg) Eddie Lampert\u2019s hedge fund has a new plan for cutting Sears debt. The main beneficiary would once again be Eddie Lampert\u2019s hedge fund. Lampert, Sears Holdings Corp.\u2019s chief executive officer, called this week for the underperforming retailer to stanch the bleeding by paying off certain loans &#8212; many of them owned by his hedge fund &#8212; while swapping other debt for notes that convert to equity. This comes at a time when Sears stock is hovering just above $1 a share, an 87 percent dive in the past year.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-09-27\/lampert-s-sears-plan-would-hand-lampert-s-hedge-fund-1-billion\">To read this article:  <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Eddie Lampert\u2019s hedge fund has a new plan for cutting Sears debt. The main beneficiary would once again be Eddie Lampert\u2019s hedge fund. Lampert, Sears Holdings Corp.\u2019s chief executive officer, called this week for the underperforming retailer to stanch [&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-65943","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65943","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=65943"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65943\/revisions"}],"predecessor-version":[{"id":65944,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65943\/revisions\/65944"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=65943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=65943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=65943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}