{"id":9064,"date":"2008-11-07T00:00:00","date_gmt":"2008-11-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-will-it-be-a-renaissance-man","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/hedge-funds-will-it-be-a-renaissance-man.html","title":{"rendered":"Hedge funds: will it be a renaissance Man?"},"content":{"rendered":"<p> Times Online &#8211; Hedge funds are supposed to like risk and to love leverage. However, in the current markets, it has all got too much for Man Group. <\/p>\n<p> The world&rsquo;s biggest quoted hedge fund manager &ndash; and historically one of the most successful &ndash; shocked investors yesterday by announcing plans to unwind all the leverage in its $8.6 billion (&pound;5.5 billion) Man Global Strategies fund. It also surprised shareholders by a sharper than expected fall in assets under management which slipped to $67.6 billion, compared with a forecast $70.3 billion. <\/p>\n<p> That was enough to knock almost a third off its share price. <\/p>\n<p> Many hedge funds are being forced to cut leverage by their lenders, but in Man&rsquo;s case the move is voluntary. Because markets are so difficult, it has decided to pay back its lenders and put MGS&rsquo;s holdings in cash. <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/business.timesonline.co.uk\/tol\/business\/columnists\/article5102328.ece\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; Hedge funds are supposed to like risk and to love leverage. However, in the current markets, it has all got too much for Man Group. The world&rsquo;s biggest quoted hedge fund manager &ndash; and historically one of [&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":[84,810,502,803,461,242,83,3201,923],"class_list":["post-9064","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-beta","tag-capital-group","tag-expectation","tag-external-managers","tag-home-loans","tag-img-src","tag-medallion","tag-private-investor","tag-squeeze"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9064","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=9064"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9064\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}