How hedge funds predicted Vocation’s collapse
Christopher Joye | It may be one of the greatest Australian hedge fund trades: the “short sales” that profited from the spectacular 77 per cent decline in the share price Vocation.
It may be one of the greatest Australian hedge fund trades ever: the “short-sales" that profited from the spectacular 77 per cent decline in the share price of education company Vocation after almost a year of pain.
While shareholders have lost over $590 million since Vocation’s share price peaked in September, one of the hedge funds shorting the stock has banked $20 million in profits.
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