Tag Archives: steep-rise
JO Hambro Shuts Hedge Fund After VW-Porsche Trade
Bloomberg – JO Hambro Capital Management Ltd., which oversees about $3.5 billion of assets, will close one of its two hedge funds partly because a bet against Volkswagen AG shares backfired, people familiar with the situation said. The $240 million […]
Hedge funds make £18bn loss on VW
BBC Business – Hedge funds have lost £18bn in two days of trading in Volkswagen (VW) shares that briefly saw the carmaker become the world’s most valuable company. VW shares rose 348% over Monday and Tuesday after it emerged that […]
VW squeeze may hit hedge funds frozen by Lehman
Reuters – Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen, industry executives said, possibly hurting funds on trades they cannot close. While no money has yet been demanded by the […]
Hedge funds fear bankruptcy after Porsche squeeze
Times Online – Hedge funds were heading for a full-blown row with the German Government last night as it emerged that funds sitting on tens of billions of euro losses after short-selling Volkswagen could go bankrupt. Porsche, VW’s biggest shareholder, […]
Porsche runs down hedge funds
Globe and Mail – Since many hedge fund managers like to drive Porsche roadsters, it’s somehow appropriate that the German auto maker just ran them down. The European hedge fund community took a pounding Monday covering short positions in Volkswagen. […]
Hedge fund Greenlight down more as VW surges
Hedge fund manager David Einhorn’s Greenlight Capital suffered heavy losses in his portfolio when German carmaker Volkswagen’s shares spiked 82 percent on Tuesday, people familiar with his portfolio said. The German carmaker briefly zoomed past Exxon Mobil to become the […]
