Deals
Hedge Fund Marshall Wace Ups Wagers Against Deutsche Bank
- Bearish bets on German bank have declined from July peak
- Stock faces pressure as legal woes pressure capital reserves
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Marshall Wace LLP expanded its bets against Deutsche Bank AG even as other investors cut their short positions to the lowest in almost three months.
Marshall Wace had a short position valued at $151.1 million on Sept. 16 after the London-based hedge fund firm added more than 400,000 shares to its previously disclosed shorts, taking its total bet to 11.3 million shares, the company said in a filing on Monday. A spokesman for Marshall Wace, 25 percent owned by KKR & Co. LP, declined to comment.