Millennium Bets $320 Million Against Carlos Slim
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Millennium Management has largely unwound a bet against the stock of America Movil SAB, the telecommunications giant controlled by Mexican billionaire Carlos Slim.
The New York hedge fund founded by Izzy Englander had accumulated about 0.52% of America Movil’s stock, worth about $320 million, betting on further declines in its share price, according to an Aug. 30 regulatory filing with Spanish regulators. A disclosure dated Aug. 31 now shows this position had dropped to 0.01%.