Hedge-fund Industry Top Talent May Be Unemployed For Betting On PG&E
- 5 years ago
According to Business Insider, Some of the biggest names in the hedge-fund industry may have gotten whacked by betting on PG&E at exactly the wrong time.
Pacific Gas and Electric Company, California's biggest utility provider, has seen its value plunge by 80% after last November's deadly California wildfire.
The utility on Monday said it intends to file bankruptcypetitions at the end of the month to reorganize under Chapter 11.
Pacific Gas and Electric Company, California's biggest utility provider, has seen its value plunge by 80% after last November's deadly California wildfire.
The utility on Monday said it intends to file bankruptcypetitions at the end of the month to reorganize under Chapter 11.