{"id":8880,"date":"2008-10-17T00:00:00","date_gmt":"2008-10-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"gradient-close-to-collapse-as-hedge-funds-feel-heat","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/gradient-close-to-collapse-as-hedge-funds-feel-heat.html","title":{"rendered":"Gradient close to collapse as hedge funds feel heat"},"content":{"rendered":"<p>Telegraph.co.uk &#8211; The City-based European equity fund, which had $2.5bn under management at its peak, is now down over 63pc so far this year, leaving investors fearful it will be forced to close. <\/p>\n<p>The &ldquo;blow-up&rdquo; is a mighty fall for the founders, Ivor Farman and Scott Pagel, who famously paid themselves &pound;100m each over two years after producing stellar returns to their investors. <\/p>\n<p>The pay deals placed the pair in the ranks of the UK&rsquo;s 800 wealthiest people and among the 30 wealthiest hedge fund managers in the country. <\/p>\n<p>Gradient made a net investment return for its investors of 56pc in 2005 and 47pc in 2006. In 2007 the founders paid themselves &pound;109m, and &pound;94m the year before that, according to accounts filed at Companies House. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.telegraph.co.uk\/finance\/financetopics\/financialcrisis\/3212132\/Gradient-close-to-collapse-as-hedge-funds-feel-heat.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph.co.uk &#8211; The City-based European equity fund, which had $2.5bn under management at its peak, is now down over 63pc so far this year, leaving investors fearful it will be forced to close. The &ldquo;blow-up&rdquo; is a mighty fall for [&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":[647,67,858,197,83,2391,352],"class_list":["post-8880","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-caxton","tag-chief-executive","tag-few-days","tag-housing-market","tag-medallion","tag-retirement-fund","tag-technology-companies"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8880","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=8880"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8880\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}