{"id":8275,"date":"2008-08-04T00:00:00","date_gmt":"2008-08-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"high-flying-falcone-has-his-wings-clipped","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/high-flying-falcone-has-his-wings-clipped.html","title":{"rendered":"High Flying Falcone Has His Wings Clipped"},"content":{"rendered":"<p>New York Post &#8211; After months of falling financial stocks and rising oil prices, July&#8217;s sudden turnaround was a welcome relief to average investors. <\/p>\n<p>  Not so for hedge funds &#8211; including subprime-mortgage superstar Phil Falcone. <\/p>\n<p> That&#8217;s because a number of smart-money investors, including Falcone&#8217;s Harbinger Capital Partners, got slammed when oil took an unexpected dive, and Wall Street stocks suddenly popped in mid-July. <\/p>\n<p> It was the exact reversal of otherwise long-winning bets that energy prices would continue to climb and financial firms would keep getting pummeled. <\/p>\n<p> &quot;July will be bad in aggregate for the hedge fund industry,&quot; said Veryan Allen, who advises large investors on hedge funds. &quot;The short squeeze in financial stocks and the oil selloff has hurt quite a few,&quot; he said. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/08042008\/business\/high_flying_falcone_has_his_wings_clippe_122938.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; After months of falling financial stocks and rising oil prices, July&#8217;s sudden turnaround was a welcome relief to average investors. Not so for hedge funds &#8211; including subprime-mortgage superstar Phil Falcone. That&#8217;s because a number of [&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":[1755,546,1867,147,107,1337,886,1796,358],"class_list":["post-8275","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-ameriprise","tag-bias","tag-collett","tag-journalism","tag-mistrust","tag-south-korean","tag-takeover","tag-unspecified-amount","tag-value-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8275","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=8275"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8275\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}