{"id":8454,"date":"2008-08-25T00:00:00","date_gmt":"2008-08-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-circle-scottish-southern","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/hedge-funds-circle-scottish-southern.html","title":{"rendered":"Hedge funds circle Scottish &#038; Southern"},"content":{"rendered":"<p>Guardian Unlimited &#8211; Hedge funds are buying into power supplier Scottish &amp; Southern Energy in hopes of a bid for the company, currently valued at over &pound;12bn. <\/p>\n<p>The latest fund to have bought shares is Centaurus, headed by Frenchman Bernard Oppetit, who is understood to have made millions via a recent investment in British Energy. <\/p>\n<p>It caused a splash in the UK in 2006 when it blocked a bid for engineering company Amec from private equity group Texas Pacific on the grounds that it was too low.<\/p>\n<p>Centaurus has been joined at SSE by other hedge funds such as Lansdowne, GLG and Odey Asset Management.<\/p>\n<p>Oppetit is known in the City as a canny investor and has built up Centaurus into a &pound;5bn fund after leaving BNP Paribas, where he was head of proprietary trading. On its website, Centaurus says: &#8216;We develop a close and constructive ongoing dialogue with the executives of the companies that we invest in, and focus on achieving an in-depth fundamental understanding of their businesses.&#8217;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.guardian.co.uk\/business\/2008\/aug\/24\/scottishandsouthern\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guardian Unlimited &#8211; Hedge funds are buying into power supplier Scottish &amp; Southern Energy in hopes of a bid for the company, currently valued at over &pound;12bn. The latest fund to have bought shares is Centaurus, headed by Frenchman Bernard [&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":[1173,508,786,1210,63,81,1041,2322],"class_list":["post-8454","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-anxiety","tag-bad-news","tag-bank-for-international-settlements","tag-eberts","tag-first-avenue","tag-newcastle","tag-power-amp","tag-sizeable-investments"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8454","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=8454"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8454\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}