{"id":8977,"date":"2008-10-28T00:00:00","date_gmt":"2008-10-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-taking-it-on-chin-losses-expected-to-fuel-mergers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-funds-taking-it-on-chin-losses-expected-to-fuel-mergers.html","title":{"rendered":"Hedge funds taking it on chin; losses expected to fuel mergers"},"content":{"rendered":"<p>Globe and Mail &#8211; Hedge fund manager Ravi Sood is having a rough time navigating through the tsunami that has hit stock markets around the world.<\/p>\n<p>The stellar record of his Lawrence Partners Fund suffered a 48-per-cent hair cut in September, sending its year-to-date loss to 53 per cent for the first nine months of 2008.<\/p>\n<p><!-- \/Summary --><\/p>\n<p>Mr. Sood would not comment about his fund, but told investors in a letter that he was forced to &quot;reduce the size of core positions at inopportune levels in midmonth. &#8230;<\/p>\n<p>&quot;We cannot restore all of this year&#8217;s loss to date in the next few months or quarters, but we are confident we will get there,&quot; said the president of Toronto&#8217;s Lawrence Asset Management Inc.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theglobeandmail.com\/servlet\/story\/LAC.20081028.RHEDGE28\/TPStory\/Business\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globe and Mail &#8211; Hedge fund manager Ravi Sood is having a rough time navigating through the tsunami that has hit stock markets around the world. The stellar record of his Lawrence Partners Fund suffered a 48-per-cent hair cut in [&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":[570,280,689,3178,83,3428,936,3429,1372,3427],"class_list":["post-8977","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-charge-offs","tag-global-economy","tag-leaf-tea","tag-madness","tag-medallion","tag-nervous-person","tag-net-proceeds","tag-princeton","tag-rjr-nabisco","tag-world-stock"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8977","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=8977"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8977\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}