{"id":8134,"date":"2008-07-18T00:00:00","date_gmt":"2008-07-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"rushbrook-accuses-hedge-funds-of-rights-exploitation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/rushbrook-accuses-hedge-funds-of-rights-exploitation.html","title":{"rendered":"Rushbrook accuses hedge funds of rights exploitation"},"content":{"rendered":"<p>The Herald- Bearish fund manager Ian Rushbrook has moved the &pound;190m Personal Assets Trust (PAT) from zero to 75% in equities in recent weeks, and is overweight in banks, he told the trust&#8217;s shareholders yesterday.<\/p>\n<p>But the veteran manager, who a year ago apologised to shareholders for being 80% in cash but correctly predicted the meltdown in financial markets, said that &quot;doesn&#8217;t mean we think there are no problems ahead for the market&quot;.<\/p>\n<p>An unusually packed an-nual meeting at the headquarters of F&amp;C in Edinburgh, at which a lifesize stuffed bear sat on the end of the front row, heard Rushbrook warn that the &quot;fault lines&quot; in banking rights issues were being exploited by hedge funds to drive down the price, then buy shares back on the cheap.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theherald.co.uk\/business\/news\/display.var.2401856.0.Rushbrook_accuses_hedge_funds_of_rights_exploitation.php\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Herald- Bearish fund manager Ian Rushbrook has moved the &pound;190m Personal Assets Trust (PAT) from zero to 75% in equities in recent weeks, and is overweight in banks, he told the trust&#8217;s shareholders yesterday. But the veteran manager, who [&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":[673,1461,242,1539,81,1043],"class_list":["post-8134","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-carnage","tag-fund-of-fund","tag-img-src","tag-initial-price","tag-newcastle","tag-omnium"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8134","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=8134"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8134\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}