{"id":68224,"date":"2019-03-03T00:50:03","date_gmt":"2019-03-03T05:50:03","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=68224"},"modified":"2019-03-05T00:59:43","modified_gmt":"2019-03-05T05:59:43","slug":"chinas-fledgling-junk-bond-market-spawns-new-breed-of-vulture-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2019\/chinas-fledgling-junk-bond-market-spawns-new-breed-of-vulture-funds.html","title":{"rendered":"China&#8217;s Fledgling Junk Bond Market Spawns New Breed of Vulture Funds"},"content":{"rendered":"<p>(Reuters) When the Shanghai-traded bonds of conglomerate China Minsheng Investment Group plunged 40 percent over two days in January after news it had missed a repayment, Beijing-based hedge fund manager Jash Zhang smelled blood. As the private investors in the bond rushed to sell, Zhang snapped up CMIG\u2019s dumped bonds at about 50 yuan ($7.48) apiece, or half their face value, betting that the 300-billion-yuan company would eventually repay the debt. The strategy?she said, is simply to pounce when faint-hearted investors are wavering.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-china-bonds-vultures-insight\/chinas-fledgling-junk-bond-market-spawns-new-breed-of-vulture-funds-idUSKCN1QH32O\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) When the Shanghai-traded bonds of conglomerate China Minsheng Investment Group plunged 40 percent over two days in January after news it had missed a repayment, Beijing-based hedge fund manager Jash Zhang smelled blood. As the private investors in the [&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-68224","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68224","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=68224"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68224\/revisions"}],"predecessor-version":[{"id":68225,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68224\/revisions\/68225"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=68224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=68224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=68224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}