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Big Drops in Two Energy Stocks Spell Bad News for These Hedge Funds
New York-based Soroban and Corvex are among the hedge funds holding Williams Companies and Energy Transfer Equity, whose shares are in free fall.
Shares of two energy pipeline companies that were planning to merge lost a huge chunk of their value on Monday alone, rocking a number of their large, big-name hedge fund investors. Williams Companies fell 35 percent, while Energy Transfer Equity plunged 42 percent. Investors were apparently spooked by the unexpected news
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