{"id":9222,"date":"2008-11-26T00:00:00","date_gmt":"2008-11-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"perots-parkcentral-fund-closes-as-credit-freezes","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/perots-parkcentral-fund-closes-as-credit-freezes.html","title":{"rendered":"Perot&#8217;s Parkcentral Fund Closes as Credit Freezes"},"content":{"rendered":"<p>Bloomberg &#8211; Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because it&rsquo;s &ldquo;no longer viable.&rdquo; <\/p>\n<p>Parkcentral Global Hub Ltd.&rsquo;s assets fell as much as 40 percent to $1.5 billion this year through October. The fund is selling remaining holdings to pay creditors, Eddie Reeves, a spokesman for the Plano, Texas-based firm, said in an e-mailed statement today. Perot, 78, who ran unsuccessfully for U.S. president in 1992, and members of his family are the fund&rsquo;s biggest investors. <\/p>\n<p><strong><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&#038;sid=adx1cuCeEKnk&#038;refer=us\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because it&rsquo;s &ldquo;no longer viable.&rdquo; Parkcentral Global Hub Ltd.&rsquo;s assets fell [&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":[3481,3899,67,707,1182,402,530,2430,129,83,170,268,47,3900],"class_list":["post-9222","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alum","tag-car-manufacturers","tag-chief-executive","tag-december-31","tag-distressed-debt","tag-investment-firm","tag-last-november","tag-legal-actions","tag-losses","tag-medallion","tag-money-managers","tag-multibillion-dollar","tag-third-party","tag-top-film"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9222","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=9222"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9222\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}