Thursday, November 14, 2024
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D.E. Shaw takes $1 billion fast on Bayer, regulatory submitting reveals


LONDON (Reuters) – Hedge fund D.E. Shaw took an 1.02 billion euro ($1.08 billion) fast 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 quick guess is a view that an asset will weaken in price.

New York based totally D.E. Shaw, one in all many enterprise’s largest managers overseeing higher than $60 billion in belongings, declined to comment.

Bayer didn’t immediately comment.

(Reporting by Nell Mackenzie and Ludwig Berger; Editing by Dhara Ranasinghe)



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