Hedge Funds Pull Funds out of Deutsche Bank
Amidst concern about Deutsche Bank financial position due to the legal penalties, about 10 hedge funds that has business dealings with the German lender have moved to reduce their financial exposure. The funds have moved part of their listed derivatives to other firms. Among them are Izzy Englander’s $34 billion Millennium Partners, Chris Rokos’s $4 billion Rokos Capital Management, and the $14 billion Capula Investment Management.
“This has caused the shares to fall a record low of $11.48 on Thursday.”
This has caused the shares to fall a record low of $11.48 on Thursday. Deutsche Bank has been struggling to adjust to stringent capital requirements and lower trading revenue.
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