Investing is hard. Some of the world’s largest hedge funds received a shock back in mid-November when is emerged that utility provider Pacific Gas & Electric Co. could be responsible for starting recent California Wildfires, the worst in the State’s history, which have left a trail of devastation. Q3 hedge fund letters, conference, scoops etc 12019 / Pixabay As ValueWalk reported back in November, PG&E was a top holding for many value-focused funds at the end of the third quarter. Seth Klarman, for example, increased his position in the stock by 320% during the third quarter taking it up to…
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