If this programme was on BBC there must have been some sort of typical british jealousy as always against the germans that surfaces from time to time even through sporting events or entertaiment! "Don't mention the war!" as Basil Fawlty used to say Smiley

Porsche didn't behave like  a hedge fund because there is a strategic reason for purchasing  shares in another automobile manufacturer like VW. Their shareholiding is there to stay and it has nothing to do with speculation. Now, that they made some money out of this strategic move, this is just an extra bonus.

Second, Porsche bulit up a share of some 74% in VW through holdings and options that the wise short-sellers in the hedge funds didn't know about. In Germany, contrary to elsewhere, the law doesn't force you to disclose this type of transactions and holdings. Germany is thinking of closing this loophole in their law.

What is being investigated, as I understand it, is whether any insider trading took place, rather than the secrecy/lack of disclosure on behalf of PAG that caused the demise of several funds.


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It's not where you're going, it's how you get there that counts