{"id":9033,"date":"2008-11-04T00:00:00","date_gmt":"2008-11-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"3i-infrastructure-buys-bonds-from-distressed-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/3i-infrastructure-buys-bonds-from-distressed-hedge-funds.html","title":{"rendered":"3i Infrastructure buys bonds from distressed hedge funds"},"content":{"rendered":"<p> Telegraph.co.uk &#8211; 3i Infrastructure, which is 43pc owned by private equity group 3i, said it had    exploited an &quot;anomaly in the market&quot; and added it was keen to take    part in any purchase of Gatwick, after BAA was told it must sell two of its    three London airports. <\/p>\n<p> The fund has bought debt issued by Ireland&#8217;s Viridian, Thames Water and    Telediffusion de France, adding that the purchases offered higher than    equity returns at lower risk. <\/p>\n<p> Michael Queen, a 3i managing partner, said: &quot;Hedge funds are receiving    redemption notices and having to liquidate their portfolios. Because capital    is scarce at the moment, the prices at which they&#8217;re [selling] are clearly    at a discount to fair value. <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.telegraph.co.uk\/finance\/newsbysector\/utilities\/3373790\/3i-Infrastructure-buys-bonds-from-distressed-hedge-funds.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph.co.uk &#8211; 3i Infrastructure, which is 43pc owned by private equity group 3i, said it had exploited an &quot;anomaly in the market&quot; and added it was keen to take part in any purchase of Gatwick, after BAA was told it [&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":[84,3549,1383,509,858,3286,2918,2322],"class_list":["post-9033","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-beta","tag-bondholders","tag-february-12","tag-federal-reserve","tag-few-days","tag-jenrette","tag-market-sources","tag-sizeable-investments"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9033","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=9033"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9033\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}