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D.E. Shaw takes $1 billion quick on Bayer, regulatory submitting reveals


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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