{"id":67537,"date":"2019-01-16T01:15:45","date_gmt":"2019-01-16T06:15:45","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=67537"},"modified":"2019-01-16T01:15:45","modified_gmt":"2019-01-16T06:15:45","slug":"hedge-fund-baupost-has-a-complex-1-billion-bet-on-pge","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2019\/hedge-fund-baupost-has-a-complex-1-billion-bet-on-pge.html","title":{"rendered":"Hedge Fund Baupost Has a Complex $1 Billion Bet on PG&#038;E"},"content":{"rendered":"<p>\n(Bloomberg) Seth Klarman\u2019s Baupost Group has been the poster child of the hedge fund industry\u2019s ill-timed stock-market bets on the troubled utility PG&#038;E Corp., which announced plans for bankruptcy. It turns out, though, that Baupost\u2019s stock purchases, valued at $873 million at the end of September, are just part of a bigger and more complex wager on California\u2019s largest utility. Baupost also bought $1 billion of legal claims in November that an insurer held against the utility, giving the hedge fund the right to recover losses incurred from the deadly wildfires in 2017, according to people familiar with the matter.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-14\/baupost-is-said-to-buy-1-billion-in-insurance-claims-on-pg-e\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Seth Klarman\u2019s Baupost Group has been the poster child of the hedge fund industry\u2019s ill-timed stock-market bets on the troubled utility PG&#038;E Corp., which announced plans for bankruptcy. It turns out, though, that Baupost\u2019s stock purchases, valued at $873 [&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-67537","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67537","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=67537"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67537\/revisions"}],"predecessor-version":[{"id":67538,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67537\/revisions\/67538"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=67537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=67537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=67537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}