{"id":7876,"date":"2008-06-12T00:00:00","date_gmt":"2008-06-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-gang-up-on-babcock","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/hedge-funds-gang-up-on-babcock.html","title":{"rendered":"Hedge funds gang up on Babcock"},"content":{"rendered":"<p class=\"intro\">The Australian- The shares of Macquarie Bank&#8217;s most ardent and successful imitator, Babcock &amp; Brown, and several of its satellites, plumbed new depths yesterday as Barclays lost faith in the group.<\/p>\n<p>Shares in Babcock&#8217;s headstock have slumped from $16 to $9.50 in just three weeks and many market observers believe the group&#8217;s large debts are being tested by hedge funds. <\/p>\n<p>&quot;It has fallen about 35 per cent over the past three weeks,&quot; Patersons Securities senior private client adviser Tony Tascone said yesterday. <\/p>\n<p>It appeared Babcock &amp; Brown was being shorted by hedge funds, he said. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theaustralian.news.com.au\/story\/0,25197,23849406-643,00.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian- The shares of Macquarie Bank&#8217;s most ardent and successful imitator, Babcock &amp; Brown, and several of its satellites, plumbed new depths yesterday as Barclays lost faith in the group. Shares in Babcock&#8217;s headstock have slumped from $16 to [&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":[790,137,788,789,81,754],"class_list":["post-7876","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-ccc","tag-conference-call","tag-credit-specialist","tag-management-employees","tag-newcastle","tag-personal-reasons"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7876","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=7876"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7876\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}