Best And Worst-Performing Short Bets In Europe

There are not many short plays that were successful this year, especially the high-profile ones. There were, however, some successfully timed bearish bets in Europe that brought profits for the shortsellers. Here is a roundup of what worked best for the shortsellers and what proved catastrophic: Europe’s Potash cartel breakup We have talked about the high short interest in K+S AG; the company, which manufactures potassium and magnesium-based chemicals, took a major loss as the potash cartel broke up. While several hedge funds have jumped aboard the shorting bandwagon, the earliest shortsellers were Viking Global, Citadel and Pennant Capital.. Shares…