Thought of the Day - Financial Engineering

 

Interesting story on how Porsche made a ton of money playing with VW's stock over a couple of years.  I'm wondering if the German laws are different than the US re: beneficial ownership.  The argument is the hedge funds were surprised to find out that  Porsche managed to gather up 75% of the outstanding VW shares before they chose to show their hand.  However, it appears that Porche's growing stake was public knowledge.  I guess the magnitude took people by surprise.

I'll be looking for a follow-up article describing who actually engineered this.