Hedge Funds Bet On PG&E In 4th Quarter

Shares of California utility PG&E fell 48 percent during the quarter ending on December 31, 2019. That didn’t seem to deter over a  dozen hedge funds who invested in the company during the quarter, with over a dozen firm picking up 12.8 million shares. Regulatory filings show  Anchorage Capital Group and BlueMountain Capital Management as the fund managers who acquired the largest number of shares.