{"id":8293,"date":"2008-08-05T00:00:00","date_gmt":"2008-08-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ex-merrill-banker-kim-abandons-plans-for-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/ex-merrill-banker-kim-abandons-plans-for-hedge-fund.html","title":{"rendered":"Ex-Merrill Banker Kim Abandons Plans for Hedge Fund"},"content":{"rendered":"<p>Bloomberg &#8211; Dow Kim, the former head of trading and investment banking at Merrill Lynch &amp; Co., dropped plans to start a hedge fund after investors backed out, according to two people with knowledge of the matter.             <\/p>\n<p>Kim had been in discussions with institutions that had agreed to invest about $1 billion combined in his Diamond Lake Investment Group LP, said the people, who asked not to be identified because the talks were private. The New York-based firm had hired 30 people based on the commitments.     <\/p>\n<p>The evaporation of credit and declines surpassing 20 percent in some stock markets caused the initial investors to change their minds, said the people. Kim had planned a multistrategy hedge fund that would trade everything from equities to bonds to currencies.     <\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&#038;sid=a.vNVKoap2MQ\" target=\"_self\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Dow Kim, the former head of trading and investment banking at Merrill Lynch &amp; Co., dropped plans to start a hedge fund after investors backed out, according to two people with knowledge of the matter. Kim had been [&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":[310,749,572,1574,1111,404,1906,280,402,1670,81,103],"class_list":["post-8293","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-abbey","tag-allegations","tag-art-collector","tag-coo","tag-downfall","tag-fund-business","tag-global-economy","tag-investment-firm","tag-john-taylor","tag-newcastle","tag-pergam-finance"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8293","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=8293"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8293\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}