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Hedge Funds Like PG&E Stock But Outcome May Not To Their Liking

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Rupert Hargreaves
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Over the past few months, Californian utility Pacific Gas & Electric Co., has become a favorite of hedge funds.

Several notable names were buying or increasing their holdings in the utility provider throughout the fourth quarter, including the likes of Seth Klarman's Baupost and Blue Mountain Capital Management, the $22 billion New York-based hedge fund.

Q3 hedge fund letters, conference, scoops etc

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Hedge funds buying

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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 Hedge Fund Alpha