{"id":8029,"date":"2008-07-03T00:00:00","date_gmt":"2008-07-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"tanking-banks-debt-sought-by-1b-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/tanking-banks-debt-sought-by-1b-fund.html","title":{"rendered":"Tanking Banks&#8217; Debt Sought By $1B Fund"},"content":{"rendered":"<p>New York Post- Hedge fund Highbridge Capital Management is trying to raise $1 billion from wealthy investors for a fund focused on buying bank assets hammered by the credit crisis. <\/p>\n<p> According to one investor who was considering committing funds, the planned Highbridge Leveraged Loan Partners will require prospective investors to commit to a three-year period during which they are precluded from pulling out their money. Marketing of the fund began about a week ago, this person said. <\/p>\n<p> Highbridge, which JPMorgan Chase took a controlling interest in about four years ago, hopes to take advantage of the plummeting prices of bank paper that has been originated over the past year and a half. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/07032008\/business\/tanking_banks_debt_sought_by_1b_fund_118334.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post- Hedge fund Highbridge Capital Management is trying to raise $1 billion from wealthy investors for a fund focused on buying bank assets hammered by the credit crisis. According to one investor who was considering committing funds, the [&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":[310,1259,229,63,418,133,358],"class_list":["post-8029","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-charitable-giving","tag-eton-park","tag-first-avenue","tag-merrill-lynch","tag-paul-touradji","tag-value-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8029","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=8029"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8029\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}