{"id":6777,"date":"2007-11-12T00:00:00","date_gmt":"2007-11-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"financial-news-hedge-fund-makes-3-billion-from-subprime-bet","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2007\/financial-news-hedge-fund-makes-3-billion-from-subprime-bet.html","title":{"rendered":"Financial News: Hedge Fund Makes $3 Billion From Subprime Bet"},"content":{"rendered":"<p>  CNNMoney.com- A single hedge fund has made a gain of more than $3 billion (EUR2 billion) at the expense of investment banks by betting on the subprime crisis.<\/p>\n<p>  U.S. hedge fund manager Paulson &amp; Co. has turned an investment of almost $500 million at the start of the year into almost $3.6 billion by taking out a form of insurance that started paying out  as soon as subprime mortgage securities lost value, investors said.<\/p>\n<p>  Four other hedge fund managers &#8211; Harbinger Capital Partners, Balestra Capital, Scion Funds and Peloton Partners &#8211; have also made substantial gains from subprime, with Harbinger&#8217;s fund rising just  under 100% for the year to date, according to an investor in the fund.<\/p>\n<p><strong><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/3-0&amp;fd=R&amp;url=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/djf500\/200711111916DOWJONESDJONLINE000293_FORTUNE5.htm&amp;cid=1123490699&amp;ei=4zI4R_O_EqWErAOd1YWGBA\">ReadComplete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com- A single hedge fund has made a gain of more than $3 billion (EUR2 billion) at the expense of investment banks by betting on the subprime crisis. U.S. hedge fund manager Paulson &amp; Co. has turned an investment of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6777","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6777","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6777"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6777\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}