Hedge Funds Exposed as Suntech Seeks Time to Repay

Hedge Funds Exposed as Suntech Seeks Time to Repay

Qilai Shen/Bloomberg

Employees assemble photovoltaic panels at Suntech Power Holdings Co.'s factory in Wuxi, Jiangsu Province, China. Investing in Suntech is “a speculative bid that the government will rescue the company,” said Noel Hebert, chief investment officer in Bethlehem, Pennsylvania-based Concannon Wealth Management.