{"id":7495,"date":"2008-04-10T00:00:00","date_gmt":"2008-04-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"banks-quick-to-yank-hedge-funds","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/04\/2008\/banks-quick-to-yank-hedge-funds.html","title":{"rendered":"Banks quick to yank hedge funds"},"content":{"rendered":"<p>Reuters- Facing huge credit problems of their own, banks are increasingly yanking credit from hedge funds&#8217; trading operations at the slightest hint of trouble, the head of one large hedge fund investment firm said on Tuesday. <\/p>\n<p>The trend, which has been developing since the credit market took a dive last year, could send more hedge funds into abrupt liquidation, according to Jane Buchan, chief executive of Pacific Alternative Asset Management, a $10 billion fund that invests in 65 hedge fund as a fund-of-fund.<\/p>\n<p>&quot;If there is a rumor, (the banks) pull the line of credit,&quot; Buchan said at the Reuters Hedge Funds and Private Equity Summit in New York. &quot;You want to be the first one to cut the credit lines, not the last one.&quot;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/HedgeFundsandPrivateEquity08\/idUSN0836288420080408\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Facing huge credit problems of their own, banks are increasingly yanking credit from hedge funds&#8217; trading operations at the slightest hint of trouble, the head of one large hedge fund investment firm said on Tuesday. The trend, which has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7495","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7495"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7495\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}