Germany leapfrogs Britain to become Europe’s most shorted market as recession fears mount

Germany leapfrogs Britain to become Europe’s most shorted market as recession fears mount

Germany has just leapfrogged Britain to become the most shorted market in Europe as economic worries grip the continent. The German market accounted for about 25% of short positions last month, followed by Britain’s 20%, SEI Novus data show. The data, which covers pan-European short positions worth over €30bn. from more than 150 managers, shows … Read more

Hedge fund Millennium’s €126 million Porsche short signals bearish IPO bid

Hedge fund Millennium’s €126 million  Porsche short signals bearish IPO bid

Ahead of Volkswagen’s IPO of Porsche AG in a few weeks, the hedge fund Millennium International Management has built up a large short position in Porsche SE. According to data from research firm Breakout Point, Millennium disclosed a position representing 0.6% of the company’s shares on September 14th. A rough estimate based on current market … Read more