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.