I won’t pretend to understand hedge funds . . . all I know about them is the rumoured wealth accumulated by their captains! It seems though that a few of them may have come unstuck at the hands of the VW as its share price rocketed & then collapsed in a bizarre twist of fate.
The Times reports it far more elequently than I ever could:
http://business.timesonline.co.uk/tol/business/industry_sectors/industrials/article5036543.ece
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