{"id":9062,"date":"2008-11-07T00:00:00","date_gmt":"2008-11-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-make-18bn-loss-on-vw","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/hedge-funds-make-18bn-loss-on-vw.html","title":{"rendered":"Hedge funds make \u00a318bn loss on VW"},"content":{"rendered":"<p>BBC Business &#8211; Hedge funds have lost &pound;18bn in two days of trading in Volkswagen (VW) shares that briefly saw the carmaker become the world&#8217;s most valuable company. <\/p>\n<p>VW shares rose 348% over Monday and Tuesday after it emerged that only about 5% of its shares were available. <\/p>\n<p>Funds that had bet on the shares falling desperately needed to buy the shares to close their positions. <\/p>\n<p>But VW shares fell 45% in trading on Wednesday as Porsche said it would help to solve the hedge funds&#8217; problems. <!-- E SF --><\/p>\n<p>&quot;In order to avoid further market distortions and the resulting consequences for those involved, Porsche SE intends &#8211; depending on the state of the market &#8211; to settle hedging transactions in the amount of up to 5% of the Volkswagen ordinary shares,&quot; Porsche said in a statement.<a href=\"..\/news\/news_land.php?i=http:\/\/news.bbc.co.uk\/2\/hi\/business\/7697082.stm\" target=\"_blank\"><\/a><\/p>\n<p><strong><a href=\"..\/news\/news_land.php?i=http:\/\/news.bbc.co.uk\/2\/hi\/business\/7697082.stm\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC Business &#8211; Hedge funds have lost &pound;18bn in two days of trading in Volkswagen (VW) shares that briefly saw the carmaker become the world&#8217;s most valuable company. VW shares rose 348% over Monday and Tuesday after it emerged that [&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":[3436,3435,3597,699],"class_list":["post-9062","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-cliche","tag-steep-rise","tag-thomson","tag-volatility"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9062","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=9062"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9062\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}