It’s fair to say that the sharp rise, and then sudden fall in SunEdison’s shares took all of the company’s investors by surprise. After SunEdison shot to fame in 2013, it became somewhat of a hedge fund hotel with funds owning more than half of the company’s outstanding shares in 2015. As numerous high-profile hedge funds sought to buy into the company’s success story, SunEdison was also lauded as a victory for hedge funds that get involved in boardroom affairs. Funds championed its strategy of forming public holding companies called yieldcos to buy wind and solar farms, freeing up cash that…
Funds Nurse Huge Losses After Sunedison Inc (SUNEQ) Downfall
Rupert Hargreaves
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk
