LONDON (Reuters) – Hedge fund D.E. Shaw took an 1.02 billion euro ($1.08 billion) quick guess in opposition to Germany’s Bayer on Tuesday following an earnings presentation that despatched its shares to a 20-year low, a regulatory submitting in Germany confirmed.
A brief guess is a view that an asset will weaken in worth.
New York primarily based D.E. Shaw, one of many business’s largest managers overseeing greater than $60 billion in belongings, declined to remark.
Bayer didn’t instantly remark.
(Reporting by Nell Mackenzie and Ludwig Berger; Editing by Dhara Ranasinghe)
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