First up, we take a look at what’s been going on at Coca-Cola Amatil’s share register, which has been stormed by fast-money arbitrage funds ever since a $12.75 a share bid landed from its European cousin.
The big question though is: who has been selling to them? We have the answer.
Meanwhile, hedge funds in the United States this week were caught off guard by an army of amateur traders from the online internet forum Reddit, which wreaked havoc on their trading strategies.
Seventeen dealership locations, $1.5 billion in annual revenue, 28,000 vehicles sold in the past year and 1500 employees – just some of the key statistics.
