Hedge funds seem to be rushing to buy shares in Californian utility Pacific Gas & Electric Co. The company, which has seen the value of its shares cut in half over the past two months, is currently facing a wave of lawsuits from claimants who believe it had a role to play in starting the recent California Wildfires, the worst in the State’s history, which have left a trail of devastation. 12019 / Pixabay According to funds’ third-quarter 13F filings, some of the world’s biggest hedge funds had substantial shareholdings in the utility heading into November. Seth Klarman, for example,…
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