Hedge funds pocket $1.7 billion as Wirecard goes bust

Hedge funds pocket $1.7 billion as Wirecard goes bust

4 years ago
Anonymous $GRbK1oXs9y

https://www.reuters.com/article/us-wirecard-accounts-hedgefunds/hedge-funds-pocket-1-7-billion-as-wirecard-goes-bust-idUSKBN23W26A

Coatue Management and nine other hedge funds likely earned more than 1.5 billion euros ($1.7 billion) this week on bets against Wirecard after the German payments firm collapsed on Thursday.