{"id":68771,"date":"2019-04-08T00:10:31","date_gmt":"2019-04-08T04:10:31","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=68771"},"modified":"2019-04-10T01:38:38","modified_gmt":"2019-04-10T05:38:38","slug":"hedge-fund-backer-makes-high-stakes-offer-in-europe-drive","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2019\/hedge-fund-backer-makes-high-stakes-offer-in-europe-drive.html","title":{"rendered":"Hedge Fund Backer Makes High-Stakes Offer in Europe Drive"},"content":{"rendered":"<p>\n(Bloomberg) A U.S. investor who has backed hedge fund managers from John Paulson to Kyle Bass is pushing into Europe to offer managers an unusual choice: They can take a bigger share of profits with the catch that they risk losing all their money if the bets go awry. New York-based Prelude Capital Management, which specializes in a niche offering called first-loss funds, has hired former Bank of America Corp. prime brokerage executive Adam Karp to lead its expansion within Europe, according to people with knowledge of the matter. First-loss funds typically offer hedge fund managers an opportunity to hold on to more than half their profits, in exchange for taking on the bulk of the risk.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-08\/hedge-fund-backer-said-to-make-high-stakes-offer-in-europe-drive\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) A U.S. investor who has backed hedge fund managers from John Paulson to Kyle Bass is pushing into Europe to offer managers an unusual choice: They can take a bigger share of profits with the catch that they risk [&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-68771","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68771","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=68771"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68771\/revisions"}],"predecessor-version":[{"id":68772,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68771\/revisions\/68772"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=68771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=68771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=68771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}