{"id":9291,"date":"2008-12-05T00:00:00","date_gmt":"2008-12-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"update-2-thomas-h-lee-mulls-shrinking-2-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/update-2-thomas-h-lee-mulls-shrinking-2-funds.html","title":{"rendered":"UPDATE 2-Thomas H. Lee mulls shrinking 2 funds"},"content":{"rendered":"<p><span class=\"Apple-style-span\"><\/p>\n<p><span class=\"Apple-style-span\">Reuters &#8211; <\/span>Private equity investor Thomas H. Lee may shrink or shut down two funds that had $1.5 billion in assets after suffering losses of about 40 percent this year, the Wall Street Journal reported on Thursday, citing people familiar with the situation.<\/p>\n<p>Hard-hit hedge funds run by Lee farmed out investor money to about 110 other funds, including SAC Capital Advisors and D.E. Shaw Group, according to the paper.<\/p>\n<p>While Lee designed the so-called funds-of-funds to have low volatility with steady, consistent returns, he borrowed heavily to multiply the size of his bets, piling up debt of as much as $3.2 billion, the sources told the paper.<\/p>\n<p><\/span>  <a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/americasMergersNews\/idUSN0425768120081204\" target=\"_blank\"><span class=\"Apple-style-span\">Read Complete Article<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Private equity investor Thomas H. Lee may shrink or shut down two funds that had $1.5 billion in assets after suffering losses of about 40 percent this year, the Wall Street Journal reported on Thursday, citing people familiar [&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":[140,1711,546,3846,4035,1167,117,147,129,1120,4034,417,236],"class_list":["post-9291","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alan-greenspan","tag-band-aid","tag-bias","tag-cme-co","tag-domino-effect","tag-infrastructure-assets","tag-investment-arm","tag-journalism","tag-losses","tag-orient-express-hotels","tag-shorting-stocks","tag-staffers","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9291","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=9291"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9291\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}