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Porsche Capital LP Gets The Nitrous Boost
The world's most profitable hedge fund, which also makes luxury cars on the side, just reported its H1 2009 results. Porsche, which generated a total of 6 month revenue from car sales of roughly EUR 3 billion, made more than double that, or EUR 6.8 billion, through the company's hedge fund which executed the most clockwork-like and illegal short squeeze in recorded history. In the linked filing, the total amount of hedge fund carnage recorded in those october days is presented on page 5. Too bad the update does not come with a subscription agreement: maybe the hedge funds that got blown away by BAFIN and POR can put what money they have left in the Carrera maker.
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