LONDON (Reuters) – Hedge fund D.E. Shaw took an 1.02 billion euro ($1.08 billion) brief wager in opposition to Germany’s Bayer (OTC:) on Tuesday following an earnings presentation that despatched its shares to a 20-year low, a regulatory submitting in Germany confirmed.
A brief wager is a view that an asset will weaken in worth.
New York based mostly D.E. Shaw, one of many trade’s greatest managers overseeing greater than $60 billion in belongings, declined to remark.
Bayer didn’t instantly remark.
