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Hedge Funds To Take Back The Night

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Heads up to those of you considering making sweet rape to David Einhorn, L-Train, Richard Perry, Steve Cohen, et al-- do so at your own risk, because they will not be made victims! As you're aware, Porsche non-consensually fucked a gaggle of hedge funds back in October and now they're finally (maybe) standing up and saying this* is wrong and you're not going to get away with it.

Lawyers representing funds said they were working on a large number of cases, although they said many were still at an early stage and might never be filed.
Hedge funds are gathering under the auspices of their trade body, the Alternative Investment Management Association (Aima), which last week began consulting members to assess the level of interest in "exploring what options might be open" over VW losses.
A series of investors ranging from hedge funds to family offices is collecting material for possible damages claims against Porsche, lawyers said.
"Up to 20 investors could eventually claim damage in several jurisdictions," one adviser to those funds said.

Earlier: Know Your Porsche Volkswagen Victims

Funds Look At Suing Porsche
*Taking our money.


Vikram Pandit To Get Back In The Hedge Fund Saddle Again, At Some Point

Just a question of which hedge fund he'll be riding-- his own or his former Old Lane colleague's. The buzz on Wall Street is that ousted Citigroup CEO Vikram Pandit will return to the hedge-fund world. UK hedge fund Portman Square Capital declined to comment on chatter that its founder, Sutesh Sharma, is eager to nab Pandit for his new firm. Sharma, a former money manager at Pandit’s now defunct Old Lane hedge fund, launched Portman this year with $500 million...Pandit is viewed by the hedge fund community as a rainmaker due to his ties to deep-pocketed investors. “I wouldn’t be surprised if he felt the timing was right to join an existing fund . . . or start his own fund,” said Robert Olman of hedge-fund search firm Alpha Search Advisory Partners. Thinking ahead, how much do we predict Citi will pay to acquire Portman Square (or Pandit Partners) in order to lure Big Vik back, which is kind their thing? Last time around it was $800 million so they'll probably have to offer at least $2bn. Pandit Packing For London Hedges [NYP via FINalternatives]