{"id":8989,"date":"2008-10-29T00:00:00","date_gmt":"2008-10-29T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-greenlight-down-more-as-vw-surges","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-fund-greenlight-down-more-as-vw-surges.html","title":{"rendered":"Hedge fund Greenlight down more as VW surges"},"content":{"rendered":"<p>Hedge fund manager David Einhorn&#8217;s Greenlight Capital suffered heavy losses in his portfolio when German carmaker Volkswagen&#8217;s shares spiked 82 percent on Tuesday, people familiar with his portfolio said.       <\/p>\n<p>The German carmaker briefly zoomed past Exxon Mobil to become the world&#8217;s biggest company by market value as hedge funds who bet Volkswagen&#8217;s price would drop further were forced to cover their positions.<\/p>\n<p>Carmaker Porsche Automobil Holding SE surprised the market by announcing it had effectively gained control of 74 percent of Volkswagen&#8217;s voting shares.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/hedgeFundsNews\/idUSLNE49S02120081029\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge fund manager David Einhorn&#8217;s Greenlight Capital suffered heavy losses in his portfolio when German carmaker Volkswagen&#8217;s shares spiked 82 percent on Tuesday, people familiar with his portfolio said. The German carmaker briefly zoomed past Exxon Mobil to become the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3449,3436,873,999,2312,1231,875,3435],"class_list":["post-8989","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-cevian-capital","tag-cliche","tag-exxon-mobil-corp","tag-golf-term","tag-motive","tag-personal-interests","tag-retail-gas","tag-steep-rise"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8989"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8989\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}