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Spiegel Restructures Tesla Short After Fund Plummets in June

The Stanphyl Capital founder’s fund is down 16.2 percent this year after a big loss last month that coincided with the carmaker’s surge.

Hedge fund manager Mark Spiegel restructured his big short bet against Tesla last month after his Stanphyl Capital hedge fund fell 13.8 percent, largely due to the electric car company’s surprising surge during the month.While its Tesla short recovered some of its losses during the first two days of July,

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