{"id":9001,"date":"2008-10-30T00:00:00","date_gmt":"2008-10-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-fear-bankruptcy-after-porsche-squeeze","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-funds-fear-bankruptcy-after-porsche-squeeze.html","title":{"rendered":"Hedge funds fear bankruptcy after Porsche squeeze"},"content":{"rendered":"<p> Times Online &#8211; 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. <\/p>\n<p> Porsche, VW&#8217;s biggest shareholder, stands to pocket a quick &euro;6billion (&pound;4.7billion) profit from the short-selling. <\/p>\n<p> The London-based Alternative Investment Management Association (Aima), the hedge fund trade body, said yesterday that it planned to ask the European Union to clamp down on a controversial German legal loophole that allowed Porsche secretly to take its VW stake to almost 75 per cent. <\/p>\n<p> Andrew Baker, Aima deputy chief executive, said: &ldquo;This sounds somewhat irregular. If you tried that in this country, there would be a number of questions to be answered.&rdquo; <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article5042572.ece\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; 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&#8217;s biggest shareholder, [&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":[954,457,249,3476,3409,1956,218,3436,456,314,3475,1172,3410,3435,236],"class_list":["post-9001","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-954","tag-alternative-investment-management-association","tag-asset-management","tag-auto-company","tag-binding-rules","tag-brains","tag-citigroup","tag-cliche","tag-collectibles","tag-finance","tag-guidance-note","tag-hamptons","tag-industry-stakeholders","tag-steep-rise","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9001","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=9001"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9001\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}