Hedge Funds Like PG&E Stock But Outcome May Not To Their LikingRupert Hargreaves
Over the past few months, Californian utility Pacific Gas & Electric Co., has become a favorite of hedge funds.
Several notable names were buying or increasing their holdings in the utility provider throughout the fourth quarter, including the likes of Seth Klarman's Baupost and Blue Mountain Capital Management, the $22 billion New York-based hedge fund.
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