{"id":7386,"date":"2008-03-26T00:00:00","date_gmt":"2008-03-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-spot-unbelievable-chance","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/hedge-funds-spot-unbelievable-chance.html","title":{"rendered":"Hedge funds spot &#8216;unbelievable&#8217; chance"},"content":{"rendered":"<p>FT.com- Hedge funds and institutional investors are starting to launch distressed mortgage funds to take advantage of an &quot;unbelievable&quot; buying opportunity, but they say they are running into resistance from risk-averse prime brokers.<\/p>\n<p>Steve Persky, a principal at Dalton Investments, said his group was starting a distressed mortgage strategy for high net-worth and institutional investors. &quot;This is one of the best distressed sector opportunities I have seen in my lifetime,&quot; said Mr Persky, who has been investing for more than 20 years.<\/p>\n<p>&quot;Prices have collapsed to such a level that some securities assume you will never get any capital back . . . It is an incredible buyers&#8217; market. Institutions are desperate to sell. There is such a huge flight to quality, it has gotten very extreme.&quot;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.ft.com\/cms\/s\/945a229e-fad6-11dc-aa46-000077b07658.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT.com- Hedge funds and institutional investors are starting to launch distressed mortgage funds to take advantage of an &quot;unbelievable&quot; buying opportunity, but they say they are running into resistance from risk-averse prime brokers. Steve Persky, a principal at Dalton Investments, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7386","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7386","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=7386"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7386\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}