That’s an awfully tasteless choice of a name then. They are looking for companies that are going to catch on fire, crash and burn?
In any case, I think the "too soon?" window has closed for the Hindenburg Disaster.
So maybe they are looking for companies that are going to have extreme PR disasters, regardless of actual consequences.
I think the Hindenburg is the best known because it was captured on film and broadcast radio, and was also the last.
Hedge funds are not usually terribly concerned with marketing image. See, for example, Cerberus Capital Management, the former owner of Chrysler, which saw fit to name itself after a three-headed dog that guards the gates of Hell.