{"id":9108,"date":"2008-11-12T00:00:00","date_gmt":"2008-11-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"meltdown-sets-back-hedge-fund-master","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/meltdown-sets-back-hedge-fund-master.html","title":{"rendered":"Meltdown sets back hedge fund master"},"content":{"rendered":"<p> Globe and Mail &#8211; Math whiz Ravi Sood has ridden the highs and lows of the wild world of hedge funds.<\/p>\n<p> The president of Lawrence Asset Management Inc. made a name for himself running the firm&#8217;s flagship hedge fund with stellar returns such as his 75-per-cent gain in 2007.<\/p>\n<p> But the stock market crash has dealt a blow to Lawrence Partners Fund, which suspended redemptions this week after plunging 65 per cent for the first 10 months of this year.<\/p>\n<p> The investment firm &ldquo;believes it is in the best interests of all shareholders to suspend redemptions for 60 days,&rdquo; the 32-year-old manager told investors in letter on Monday.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theglobeandmail.com\/servlet\/story\/RTGAM.20081111.wlawrence12\/BNStory\/Business\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globe and Mail &#8211; Math whiz Ravi Sood has ridden the highs and lows of the wild world of hedge funds. The president of Lawrence Asset Management Inc. made a name for himself running the firm&#8217;s flagship hedge fund with [&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":[242,3153,689,83,268,936,602,1372,3695,1938],"class_list":["post-9108","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-img-src","tag-international-ltd","tag-leaf-tea","tag-medallion","tag-multibillion-dollar","tag-net-proceeds","tag-och-ziff-hedge-fund","tag-rjr-nabisco","tag-turning-point","tag-when-retirees"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9108","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=9108"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9108\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}