D.E. Shaw takes $1 billion short on Bayer, regulatory filing shows

11/13/2024

Less than a minute

2024.11.13 12:33

LONDON (Reuters) – Hedge fund D.E. Shaw took an 1.02 billion euro ($1.08 billion) short bet against Germany’s Bayer (OTC:) on Tuesday following an earnings presentation that sent its shares to a 20-year low, a regulatory filing in Germany showed.

A short bet is a view that an asset will weaken in price.

© Reuters. FILE PHOTO: The 120 metres high Bayer Cross, logo of German pharmaceutical and chemical maker Bayer AG, consisting of 1710 LED glass bulbs is seen outside the industrial park

New York based D.E. Shaw, one of the industry’s biggest managers overseeing more than $60 billion in assets, declined to comment.

Bayer did not immediately comment.

11/13/2024

Less than a minute

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