{"id":4487,"date":"2007-07-09T01:53:26","date_gmt":"2007-07-09T01:53:26","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/as_bear_stearns_hedge_fund_fac"},"modified":"2021-09-20T15:41:39","modified_gmt":"2021-09-20T20:41:39","slug":"as-bear-stearns-hedge-fund-fac","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/as-bear-stearns-hedge-fund-fac\/","title":{"rendered":"As Bear Stearns Hedge Fund Faced Liquidation its Head Manager’s Golf Game Did Not Suffer"},"content":{"rendered":"

\t\t\t\tAs a sub-prime mortgage hedge fund managed by Bear Stearns encountered margin calls and was on the brink of liquidation, the situation apparently did not faze the golfing of its chief executive, John Cayne.<\/p>\n

Weather permitting, Mr. Cayne hops a helicopter from Manhattan to a golf club in Ocean Township, N.J., landing on the grounds. According to posting on an online golf database, Cayne continued to golf through the weeks in June as one of his firm’s hedge funds was evaporating.<\/p>\n

On June 14, the day Bear Stearns reported a 10 percent drop in its operating earnings for the second quarter, Mr. Cayne played a round of golf, shooting a 96, according to the online database. The next day, he played again.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

As a sub-prime mortgage hedge fund managed by Bear Stearns encountered margin calls and was on the brink of liquidation, the situation apparently did not faze the golfing of its chief executive, John Cayne. Weather permitting, Mr. Cayne hops a helicopter from Manhattan to a golf club in Ocean Township, N.J., landing on the grounds. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3807,3748],"tags":[],"class_list":["post-4487","post","type-post","status-publish","format-standard","hentry","category-bear-stearns","category-hedge-funds"],"yoast_head":"\nBear Stearns Hedge Fund Faces Liquidation: Head Manager Not Fazed | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"As a hedge fund managed by Bear Stearns was on the brink of liquidation, the situation did not faze the golfing of its chief executive, John Cayne.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/as-bear-stearns-hedge-fund-fac\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" 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