Hedge Fund Qube Built a $1 Billion Short Bet Against Top German Companies
- Qube added to positions against German firms this year
- Volkswagen, Deutsche Bank among those being wagered against
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Qube Research & Technologies Ltd. has amassed a short bet of more than $1 billion against German companies amid a downturn in global demand that’s slowing Europe’s biggest economy.
The hedge fund added to wagers against the likes of automaker Volkswagen AG over the last two weeks, including disclosing a $131.8 million short against Deutsche Bank AG, according to data compiled by Bloomberg from regulatory filings. It’s the biggest disclosed short seller of the country’s stocks, the data show.