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 short guess is a view that an asset will weaken in value.
New York based totally D.E. Shaw, considered one of many enterprise’s largest managers overseeing better than $60 billion in belongings, declined to comment.
Bayer didn’t immediately comment.
(Reporting by Nell Mackenzie and Ludwig Berger; Editing by Dhara Ranasinghe)
