So, it's been widely reported that Perry Capital is one of the hedge funds Porsche made sweet rape to the other day. Allegedly Perry is saying they are down approximately 8% on their Volkswagen position (this seems low to us given that the stock spiked 400% at one point and is still more than double its pre-Porsche penetration) which was 5% of PC's portfolio (presumably this was before it got inflated by the massive spike in VOW). The portfolio is supposedly down over 12% MTD and 20% YTD. Richard P. is apparently telling people that nothing is fucked, and he still believes in the position, which they are keeping. Man Purse expects (hope, pray, please, god) to recoup the losses.