There are not many short plays that were successful this year, especially the high-profile ones. There were, however, some successfully timed bearish bets in Europe that brought profits for the shortsellers. Here is a roundup of what worked best for the shortsellers and what proved catastrophic: Europe’s Potash cartel breakup We have talked about the high short interest in K+S AG; the company, which manufactures potassium and magnesium-based chemicals, took a major loss as the potash cartel broke up. While several hedge funds have jumped aboard the shorting bandwagon, the earliest shortsellers were Viking Global, Citadel and Pennant Capital.. Shares…
Best And Worst-Performing Short Bets In Europe
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.