Did Anti-Corruption Campaign Lead To Plunge In Hanergy Shares?

A Chinese-based solar company with a history of unusual trading activity that hard garnered a $39 billion valuation crashed in value Wednesday, erasing $19 billion in value.  The crash comes shortly after Hanergy Thin Film Solar Group Ltd. Chairman Li Hejun boosted the size of his short exposure in the company he leads on the same day he adding long exposure. Speculation wask the price plunge might be related to an anti-corruption probe in China, a topic that was discussed in a recent hedge fund investment letter. Odd Hanergy long / short behavior precedes stock price plunge Bloomberg reports that Li added…