{"id":6946,"date":"2008-01-02T00:00:00","date_gmt":"2008-01-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-rab-nudges-up-northern-rock-stake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/hedge-fund-rab-nudges-up-northern-rock-stake.html","title":{"rendered":"Hedge fund RAB nudges up Northern Rock stake"},"content":{"rendered":"<p>Reuters- RAB Capital, a top investor in Northern Rock, has bought shares in the bank for the second time in two days, raising its stake to 7.5 percent ahead of a January shareholder meeting, a filingshowed on Friday.<\/p>\n<p>  RAB and hedge fund SRM Global, the beleaguered mortgage lender&#8217;s largest shareholder, had called for Northern Rock to hold an emergency shareholder meeting over its future and the bank gave in last  week, setting a date of January 15.<\/p>\n<p>  SRM and RAB have tabled resolutions that, if passed, would give shareholders the power to block any moves to sell more than 5 percent of the bank&#8217;s assets, issue large chunks of new shares or buy  any assets &#8212; powers Northern Rock&#8217;s board say would hinder a swift solution to the lender&#8217;s problems.<\/p>\n<p>  <a href=  \"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/5-0&amp;fd=R&amp;url=http:\/\/www.reuters.com\/article\/hedgeFundsNews\/idUSNOA13011920071231&amp;cid=1125426543&amp;ei=Mm57R5K6HI7eqgPE2vm9Dg\"><strong>Read  Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- RAB Capital, a top investor in Northern Rock, has bought shares in the bank for the second time in two days, raising its stake to 7.5 percent ahead of a January shareholder meeting, a filingshowed on Friday. RAB and [&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-6946","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6946","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=6946"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6946\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}