{"id":67919,"date":"2019-02-10T00:04:38","date_gmt":"2019-02-10T05:04:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=67919"},"modified":"2019-02-12T01:04:08","modified_gmt":"2019-02-12T06:04:08","slug":"hedge-fund-takes-on-u-k-and-its-banks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2019\/hedge-fund-takes-on-u-k-and-its-banks.html","title":{"rendered":"Hedge Fund Takes on U.K. and Its Banks"},"content":{"rendered":"<p>\n(Bloomberg) A U.S. hedge fund is taking on the British government and major banks in protest at the pain inflicted on ordinary shareholders in the latest rescue of a troubled U.K. construction company. It is picking a tough battle, but its plan is far from doomed.<br \/>\nThe company in question, Interserve Plc, revealed outline details of a restructuring package designed to cut its excessive leverage. The group said in November it expected to end 2018 with net borrowings of about 650 million pounds ($843 million), about five times estimated Ebitda for the year. The rescue plan cuts that to 275 million pounds.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-02-06\/hedge-fund-coltrane-wants-to-scupper-interserve-rescue\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) A U.S. hedge fund is taking on the British government and major banks in protest at the pain inflicted on ordinary shareholders in the latest rescue of a troubled U.K. construction company. It is picking a tough battle, but [&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-67919","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67919","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=67919"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67919\/revisions"}],"predecessor-version":[{"id":67920,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67919\/revisions\/67920"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=67919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=67919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=67919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}