{"id":8671,"date":"2008-09-22T00:00:00","date_gmt":"2008-09-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-batten-down-the-hatches-in-turbulence","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/hedge-funds-batten-down-the-hatches-in-turbulence.html","title":{"rendered":"Hedge funds batten down the hatches in turbulence"},"content":{"rendered":"<p>Reuters &#8211; Hedge funds are keeping borrowings and risk low and seeking sanctuary in safe-haven assets during the current market turbulence, but some are beginning to see opportunities to make attractive investments.       <\/p>\n<p>The events of the past few days &#8212; the collapse of Lehman Brothers, the $50 billion sale of Merrill Lynch to Bank of America and the $85 billion rescue of AIG &#8212; have hit funds&#8217; returns and caused many to cut back their bets.<\/p>\n<p>&quot;Managers have been reining in leverage given the extreme volatility in the market. Sentiment is so bad, people are loath to make big bets,&quot; said Jack McDonald, chief executive of hedge fund service provider Conifer Securities.<\/p>\n<p>Eclectica Asset Management, co-founded by high-profile hedge fund manager Hugh Hendry, told Reuters its hedge fund had 140 percent of net asset value invested in mid- and long-dated German bunds.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/ousiv\/idUSLH39945820080917\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge funds are keeping borrowings and risk low and seeking sanctuary in safe-haven assets during the current market turbulence, but some are beginning to see opportunities to make attractive investments. The events of the past few days &#8212; [&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":[2255,2794,615,419,2790,2338,2791,2721,1429,203,117,2793,96,103,2792,2720,898,2718],"class_list":["post-8671","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-barclay","tag-bond-yield","tag-cash-management","tag-default-status","tag-dollar-club","tag-doubt","tag-eclectica-asset-management","tag-economic-downturn","tag-geffen","tag-global-investment","tag-investment-arm","tag-jack-mcdonald","tag-lehman-brothers-holdings","tag-pergam-finance","tag-seeking-sanctuary","tag-term-uptrend","tag-trust-funds","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8671","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=8671"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8671\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}