{"id":7126,"date":"2008-02-13T00:00:00","date_gmt":"2008-02-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-sells-off-interoil-stake","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2008\/hedge-fund-sells-off-interoil-stake.html","title":{"rendered":"Hedge fund sells off InterOil stake"},"content":{"rendered":"<p>ReportonBusiness.com- InterOil Corp., <!-- \/company -->which is seeking to develop a liquefied natural gas project in Papua New Guinea, appears to have lost a believer, as a hedge fund run by one of the U.S.&#8217;s richest men has sold all of its shares in the company. <\/p>\n<p>According to a filing Tuesday with the U.S. Securities and Exchange Commission, Pittsburgh-based Duquesne Capital Management LLC now owns no shares in InterOil, which is listed on the Toronto Stock Exchange.<\/p>\n<p>The fund, which is run by Stanley Druckenmiller &mdash; a former lieutenant of George Soros and the U.S.&#8217;s 91st-richest man &#8211; had previously owned around 2 million shares in the company, which has a market capitalization of $615-million. Duquesne has been selling those shares off for the past year.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&#038;ct=us\/9-0&#038;fd=R&#038;url=http:\/\/www.globeinvestor.com\/servlet\/story\/RTGAM.20080212.winteroil0212\/GIStory\/&#038;cid=0&#038;ei=wrGyR_CkN6XeqwOVk6HKDQ\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ReportonBusiness.com- InterOil Corp., which is seeking to develop a liquefied natural gas project in Papua New Guinea, appears to have lost a believer, as a hedge fund run by one of the U.S.&#8217;s richest men has sold all of its [&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-7126","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7126","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=7126"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7126\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}