Hedge Fund News From HedgeCo.Net

AA’s Breakdown Lands Hedge Funds $22m Potential Payday

(Reuters) Ten hedge funds betting on a fall in AA shares are set to reap collective paper profits of more than 16 million pounds after its stock dropped by up to 30 percent. The British roadside recovery group and insurer’s shares crashed on Wednesday after it revealed plans to cut dividend payments and forecast lower core profit.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply