{"id":7970,"date":"2008-06-25T00:00:00","date_gmt":"2008-06-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-bet-on-hbos-to-fall","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/hedge-funds-bet-on-hbos-to-fall.html","title":{"rendered":"Hedge funds bet on HBOS to fall"},"content":{"rendered":"<p>Business Spectator- Hedge funds sharply increased their bets against UK lender HBOS in the first days after the Financial Services Authority imposed new rules on June 13, targeting abusive short-selling and smooth the process for firms raising cash from rights issues, reports <em>The Financial Times<\/em>. <\/p>\n<p>HBOS, Britain&#8217;s biggest mortgage lender, which earlier issued its prospectus for a &pound;4 billion rights issue has seen its shares drop below the rights issue price, as hedge funds revealed their positions. <\/p>\n<p>US hedge fund Harbinger Capital said it held a 3.3 percent short position, worth about 345 million pounds, in HBOS, under the new disclosure rules for companies during rights issues. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.businessspectator.com.au\/bs.nsf\/Article\/Hedge-funds-bet-on-HBOS-to-fall-FX56N%3FOpenDocument\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Spectator- Hedge funds sharply increased their bets against UK lender HBOS in the first days after the Financial Services Authority imposed new rules on June 13, targeting abusive short-selling and smooth the process for firms raising cash from rights [&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":[546,1075,939,406,1072,753,1073,107,757,1074],"class_list":["post-7970","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bias","tag-challenger","tag-goh","tag-investment-funds","tag-lead-investor","tag-market-abuse","tag-market-traders","tag-mistrust","tag-september-11","tag-term-money"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7970","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=7970"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7970\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}