Hedge funds pocket $1.7 billion as Wirecard goes bust | Reuters

Jun 25, 2020 · Coatue Management and nine other hedge funds likely earned more than 1.5 billion euros ($1.7 billion) this week on bets against Wirecard after the German payments firm …

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Hedge Funds Pocket $1.7 Billion As Wirecard Goes Bust | Reuters

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Jun 25, 2020 · Coatue Management and nine other hedge funds likely earned more than 1.5 billion euros ($1.7 billion) this week on bets against Wirecard after the German payments firm …

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Hedge Funds Pocket $1.7 Billion As Wirecard Goes Bust - Yahoo …

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Jun 25, 2020 · Wirecard shares crashed to 2.5 euros on Thursday from 104.5 euros a week ago, before the company revealed a $2.1 billion hole in its accounts. Together, the 10 hedge funds …

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Hedge Funds Pocket $1.7bn Betting On Wirecard Collapse

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Jun 26, 2020 · Coatue Management and nine other hedge funds earn more than 1.5 billion euros (£1.4 billion) on bets against Wirecard after its collapse on Thursday.

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Hedge Funds Pocket $1.7bln As Wirecard Goes Bust - ZAWYA

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Jun 25, 2020 · LONDON- Coatue Management and nine other hedge funds likely earned more than 1.5 billion euros ($1.7 billion) this week on bets against Wirecard after the German …

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Hedge Funds Pocket $1.7 Bln As Wirecard Goes Bust | Business

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Jun 25, 2020 · Coatue Management and nine other hedge funds likely earned more than 1.5 billion euros ($1.7 billion) this week on bets against Wirecard after the German payments firm …

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Hedge Funds Pocket $1.7 Billion As Wirecard Goes Bust - Yahoo …

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Jun 25, 2020 · Wirecard shares crashed to 2.5 euros on Thursday from 104.5 euros a week ago, before the company revealed a $2.1 billion hole in its accounts. Together, the 10 hedge funds …

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Hedge Funds Pocket $1.7B As Wirecard Goes Bust - Newsmax

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Jun 25, 2020 · Coatue Management and nine other hedge funds likely earned more than 1.5 billion euros ($1.7 billion) this week on bets against Wirecard after the German payments firm …

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FAQs about Hedge funds pocket $1.7 billion as Wirecard goes bust | Reuters Coupon?

Why did a hedge fund close before Wirecard collapse?

A hedge fund run by the analysts that spotted potential fraud at German payments firm Wirecard years before its collapse have closed their fund due to its small size, City AM can reveal. Neil Campling and Toby Clothier, founders and managers of the Chameleon Global Master fund, have returned cash to investors and closed the ...

What does the Wirecard scandal mean for investors in 2020?

For investors in 2020, the Wirecard scandal opens a vault of questions, chief among them concerning the integrity of market regulation and corporate audit process. House of cards First, it is worth retracing the history of a company that until recently was relatively unknown in the business world. ...

Is Wirecard a high risk company?

The Swiss ESG research provider RepRisk initially flagged the company as a medium risk in 2016 before upgrading it to a high risk in March 2019, though Wirecard had median ESG ratings from data providers including MSCI and Sustainalytics prior its collapse. ...

What is Wirecard & how does it work?

Founded at the tail-end of the dotcom boom in 1999, Wirecard initially specialised in managing payments for gambling and pornography websites, but later pivoted into banking and rebranded as a payments processor after it joined the Frankfurt stock market in 2005. ...

What happened to Mirabaud securities & Wirecard?

The duo gained notoriety in the City after working together at Mirabaud Securities in 2019, when they became suspicious of activity around Wirecard and took a large short position on its stock. The firm then fell into scandal after it was accused of fraud. ...

Is clothier launching a new hedge fund?

Since the fund’s closure, Campling has taken up a job as European M&A correspondent at Bloomberg this month, while Clothier is in discussions to launch a new hedge fund. While there had been talk to Chameleon’s owner Ronit launching a new ‘Global Best Ideas’ fund for Clothier, large investors in the fund have failed to materialise. ...