Hedge funds pile into SunEdison shares ahead of plunge

February 16, 2016 4:36 PM

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NEW YORK/BOSTON Top U.S. hedge fund management firms, including Visium Asset Management, took stakes in embattled renewable energy company SunEdison Inc (SUNE.N) during the fourth quarter.

Visium put on a new position, buying 1.3 million shares, while Sand Grove Capital Management added a new position of 272,000 shares. Adage Capital Partners bought 9.2 million shares to own 17 million at the end of the quarter.

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