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