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Saturday, 04/02/2016 2:52:31 PM

Saturday, April 02, 2016 2:52:31 PM

Post# of 36208
By mid-June of last year, eight months after Einhorn’s endorsement, the stock had shot up to an all-time high of $33.45, and its market cap hit $10 billion. By that time, hedge funds owned two-thirds of the shares, with shareholders including Dan Loeb’s Third Point, Leon Cooperman’s Omega Advisors, Steve Mandel’s Lone Pine Capital, and Larry Robbins’ Glenview Capital. All of those funds had sold out by September 30, 2015. The stock ended 2015 down 85% off highs, closing the year at $5.00. Still, at year-end 54 hedge funds remained in the beaten-down stock, according to Novus Research, including Steve Cohen’s Point72 Asset Management, Ken Griffin’s Citadel, George Soros’s Soros Fund Management and Izzy Englander’s Millennium Management.

http://fortune.com/2016/03/31/sunedison-is-hurting-hedge-funds-as-badly-as-valeant-did/

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