Investors in stocks and bonds at PG&E, a California utility, lose $4.1bn in four trading days

Hedge Funds

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The Kincade Fire blazing north of San Francisco is wreaking havoc thousands of miles away: on Wall Street.

Investors in Pacific Gas & Electric Corporation stocks and bonds lost about $4.1bn in the four trading days after the blaze in Sonoma County, California, started late on October 23, according to an analysis by 

Hedge funds punished by PG&E trade as California burns

Hedge funds get burned on California wildfires trade

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