{"id":1471,"date":"2003-10-21T00:00:00","date_gmt":"2003-10-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"man-overboard","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/10\/2003\/man-overboard.html","title":{"rendered":"Man overboard"},"content":{"rendered":"<p>Man Group provided some much needed entertainment for bored City traders late yesterday as its shares charged to the top of the FTSE 100 leaderboard on talk of a bid approach from American investmentbank Merrill Lynch.<\/p>\n<p>  Shares in the hedge fund manager closed 35p stronger at pounds 14.52, a record high, as investors piled in after the rumours.<\/p>\n<p>  Analysts, however, were sceptical and said the story had probably been put about by traders seeking to force short sellers to buy back their positions.<\/p>\n<p>  Data published earlier this month by Crest, the share settlement system, showed that just under a fifth of Man&#8217;s shares were on loan to short sellers who make money by selling borrowed stock and  buying it back at a lower price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Man Group provided some much needed entertainment for bored City traders late yesterday as its shares charged to the top of the FTSE 100 leaderboard on talk of a bid approach from American investmentbank Merrill Lynch. Shares in the hedge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1471","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=1471"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1471\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=1471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=1471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=1471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}