{"id":82764,"date":"2022-10-06T01:55:29","date_gmt":"2022-10-06T05:55:29","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82764"},"modified":"2022-10-06T01:38:32","modified_gmt":"2022-10-06T05:38:32","slug":"florida-hedge-fund-could-reap-around-200-million-from-big-arbitrage-bet-on-twitter","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2022\/florida-hedge-fund-could-reap-around-200-million-from-big-arbitrage-bet-on-twitter.html","title":{"rendered":"Florida hedge fund could reap around $200 million from big arbitrage bet on Twitter"},"content":{"rendered":"\n<p>(CNBC) Among the big winners in <a href=\"https:\/\/www.cnbc.com\/elon-musk\/\">Elon Musk\u2019s<\/a> agreement to follow through with his deal to buy <a href=\"https:\/\/www.cnbc.com\/quotes\/TWTR\/\">Twitter<\/a> is an activist hedge fund based in a coastal Florida city that was just wrecked by Hurricane Ian. <strong>Pentwater Capital<\/strong>, a 15-year-old firm with close to <strong>$5 billion<\/strong> in assets, bought a 2.4% stake in Twitter during the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1425851\/000156761922016231\/xslForm13F_X01\/form13fInfoTable.xml\" target=\"_blank\">second quarter<\/a>. The purchase of 18.1 million shares cost Pentwater roughly $725 million.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/10\/05\/twitter-arbitrage-bet-could-pay-off-big-for-pentwater-capital.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Among the big winners in Elon Musk\u2019s agreement to follow through with his deal to buy Twitter is an activist hedge fund based in a coastal Florida city that was just wrecked by Hurricane Ian. Pentwater Capital, a 15-year-old [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82764","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82764","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82764"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82764\/revisions"}],"predecessor-version":[{"id":82765,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82764\/revisions\/82765"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}