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Porsche breaks the hedge funds | Squeezy money | The Economist |
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Topic: Miscellaneous |
5:13 pm EDT, Oct 31, 2008 |
GREAT cornering and eye-popping acceleration make Porsche’s cars popular among thrill-seeking bankers and hedge-fund managers. Now its clients are discovering that the carmaker itself has an unexpected talent for cornering markets. In a few tumultuous days it is thought to have made a cool €6 billion-12 billion ($7.5 billion-15 billion) on the share price of Volkswagen (VW)—a coup that has roiled the world’s financial markets.nullnullnull
Porsche breaks the hedge funds | Squeezy money | The Economist |
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