Tag Archives: Volkswagen

Hedge funds: if they’re so smart, why this?

Posted by Paul Horrell at 4:03 pm on Wednesday October 29, 2008

OK, is it just me or are those hedge funds that have been short-selling VW shares completely rubbish? Look what happened. They bet on VW going down. VW went up, because Porsche had bought a big stake. There weren’t enough shares left in circulation for them to settle their bets, so the price went sky-high.

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