Hedge Funds Cash Out Billions in PG&E Stock. Fire Survivors Suffer and Wait. – GV Wire

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Hedge Funds Cash Out Billions in PG&E Stock. Fire Survivors Suffer and Wait.

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By News

Published 4 years ago on

October 11, 2021

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Pacific Gas & Electric Company is mired in debt as tens of thousands of survivors of fires sparked by the utility’s equipment are still waiting for promised compensation. Amid all this, several Wall Street hedge funds have dumped their PG&E shares, with at least seven funds having sold off their entire PG&E stake.

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