Great cornering and eye-popping acceleration make Porsche's cars popular among thrill-seeking bankers and hedge-fund managers. Now its clients are discovering that the carmaker itself has an unexpected talent for cornering markets. In a few tumultuous days it is thought to have made a cool E∪D6 billion-12 billion ($7.5 billion-15 billion) on the share price of Volkswagen (vw)-a coup that has roiled the world's financial markets.rnPorsche's gambit was as old as finance itself. For about three years it had been steadily increasing its stake in vw, a much larger yet less profitable carmaker with which it shares a little production. Its buying had driven up the price of vw's shares to above the level at which it would make any economic sense for Porsche to buy vw. Seeing this, hedge funds sold shares in vw that they did not own. One strategy was a bet that vw's share price would fall. Some also bought shares in Porsche, in a wager that shares of both would converge.
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