We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Hedge clipper

26 January 2005

The trade was initially a clever arbitrage. But it later became an attempt to bully Deutsche Telekom. The hedge funds who got into this trade late have got their just deserts. Their bet on shaming Deutsche Telekom into paying a premium has failed. DT deserves no exoneration for abusing the TOnline minorities. But hedge funds have only themselves to blame for piling into the stock.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)