Soros Wagered Deutsche Bank Would Drop in Brexit Turmoil
- Short position of 7 million shares was taken day after vote
- Stake would be worth $108 million at highest price Friday
The Deutsche Bank headquarters in Frankfurt.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Soros Fund Management took a short position in Deutsche Bank AG of about 7 million shares as turmoil from the U.K.’s decision to leave the European Union sent bank stocks lower.
The position taken on Friday was equivalent to 0.51 percent of Deutsche Bank’s share capital, according to a German filing published on Monday. The document doesn’t show at which price the fund took the position.