{"id":9945,"date":"2009-02-23T00:00:00","date_gmt":"2009-02-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"mathewson-hedge-fund-profits-from-abn-takeover","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/mathewson-hedge-fund-profits-from-abn-takeover.html","title":{"rendered":"Mathewson hedge fund profits from ABN takeover"},"content":{"rendered":"<p>The Herald &#8211; Toscafund, the hedge fund that was a catalyst for the sale of ABN Amro, made &pound;158m profit in 2007 when Royal Bank of Scotland led the disastrous &pound;49bn acquisition of the Dutch bank.<\/p>\n<p>The investment firm, whose holding company is chaired by former Royal Bank chief Sir George Mathewson, enjoyed a spectacular increase in earnings which appears to have been helped by a surge in the value of ABN Amro.<\/p>\n<p>The revelation of Toscafund&#8217;s success may stoke fresh controversy about hedge funds. These have been accused of causing massive problems for the UK&#8217;s banks with investment policies focused on making short-term gains.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theherald.co.uk\/business\/news\/display.var.2491016.0.Mathewson_hedge_fund_profits_from_ABN_takeover.php\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Herald &#8211; Toscafund, the hedge fund that was a catalyst for the sale of ABN Amro, made &pound;158m profit in 2007 when Royal Bank of Scotland led the disastrous &pound;49bn acquisition of the Dutch bank. The investment firm, whose [&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":[5426,3491,7979,7410,7983,1371,1055,4616,7978,402,7977,7980,7982,600,7981,7976,7975],"class_list":["post-9945","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-abn-amro","tag-acquisition","tag-bank-chief","tag-catalyst","tag-controversy","tag-dutch-bank","tag-earnings","tag-holding-company","tag-investment-policies","tag-investment-firm","tag-massive-problems","tag-mathewson","tag-revelation","tag-royal-bank-of-scotland","tag-sir-george","tag-spectacular-increase","tag-toscafund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9945","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=9945"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9945\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}