Hedge fund ups stake in PG&E as it pushes management overhaul
Redwood Capital Management LLC disclosed beneficial ownership of 14,200,197 shares in PG&E Corp., according to a March 15 filing.
The reported shares represent 2.69% of PG&E Corp.'s 527,561,429 outstanding shares as of Feb. 22. Redwood Capital Management beneficially owned 4,217,099 shares as of Dec. 31, 2018, according to S&P Global Market Intelligence data.
Hedge funds Redwood Capital Management, Knighthead Capital Management LLC and Abrams Capital Management LP together intend to ...