{"id":9141,"date":"2008-11-17T00:00:00","date_gmt":"2008-11-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"pxp-vietnam-to-start-hedge-fund-bets-on-stock-recovery","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/pxp-vietnam-to-start-hedge-fund-bets-on-stock-recovery.html","title":{"rendered":"PXP Vietnam to start hedge fund, bets on stock recovery"},"content":{"rendered":"<p><span>Thanhnien &#8211; The PXP Vietnam Value Fund will raise as much as $200 million to invest in undervalued stocks, Snowball said.<\/span> <\/p>\n<p>&nbsp;<\/p>\n<p class=\"MsoNormal\"><span>PXP, the initials of Phan Xi Pang, Vietnam&#8217;s highest mountain, is betting that the stock market will recover as inflation eases and the nation&#8217;s trade deficit widens at a slower pace. The benchmark VNIndex may double to 750 points by the end of 2009, Snowball said.<\/span><\/p>\n<p class=\"MsoNormal\"><span>&ldquo;In the long term, the story&#8217;s intact,&rdquo; Snowball, 47, said in an interview in Ho Chi Minh City. &ldquo;As long as the government handles the development of the economy and the market correctly &#8211; so far they&#8217;re doing a very good job &#8211; then I think we&#8217;re fine.<\/span><\/p>\n<p class=\"MsoNormal\"><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.thanhniennews.com\/business\/?catid=2&#038;newsid=43786\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thanhnien &#8211; The PXP Vietnam Value Fund will raise as much as $200 million to invest in undervalued stocks, Snowball said. &nbsp; PXP, the initials of Phan Xi Pang, Vietnam&#8217;s highest mountain, is betting that the stock market will recover [&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":[56,3754,3759,3756,3755,3762,3753,716,3758,3760,3761,3757,3763,3764,899],"class_list":["post-9141","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-blue-jays","tag-chi-minh-city","tag-highest-mountain","tag-ho-chi-minh","tag-ho-chi-minh-city","tag-initials","tag-millionaire","tag-pariah","tag-pxp","tag-snowball","tag-trade-deficit","tag-undervalued-stocks","tag-vietnam","tag-vn","tag-yen"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9141","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=9141"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9141\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}