{"id":293377,"date":"2019-09-24T05:06:22","date_gmt":"2019-09-24T05:06:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=293377"},"modified":"2019-09-24T05:06:22","modified_gmt":"2019-09-24T05:06:22","slug":"cluster-of-hedge-funds-set-to-profit-from-thomas-cook-failure","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cluster-of-hedge-funds-set-to-profit-from-thomas-cook-failure\/","title":{"rendered":"Cluster of hedge funds set to profit from Thomas Cook failure"},"content":{"rendered":"<p>LONDON: The collapse of travel operator Thomas CookNSE -6.85 % is set to result in a bumper pay day for a clutch of hedge funds who bet the company&#8217;s share price would fall.<\/p>\n<p>Around 600,000 holidaymakers have been left stranded abroad after last-minute talks over a financial rescue package faltered, bringing to an end the company&#8217;s 178-year history.<\/p>\n<p>After struggling for months under a crippling debt burden and market-related hits to revenues, it had agreed a rescue package with China&#8217;s Fosun, only to see lenders demand the firm stump up more cash, forcing it into liquidation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: The collapse of travel operator Thomas CookNSE -6.85 % is set to result in a bumper pay day for a clutch of hedge funds who bet the company&#8217;s share price would fall. Around 600,000 holidaymakers have been left stranded abroad after last-minute talks over a financial rescue package faltered, bringing to an end the company&#8217;s 178-year history. After struggling for months under a crippling debt burden and market-related hits to revenues, it had agreed a rescue package with China&#8217;s Fosun, only to see lenders demand the firm stump up more cash, forcing it into liquidation.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-293377","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=293377"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293377\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=293377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=293377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=293377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}