Hedge Funds Profit From Shorts In German Steel Sector

Germany is not immune to the problems of the eurozone and China, as weaker growth in its trade partners has affected the alpha of Europe just as it has slowed down other countries. Hedge funds increased short exposure across the board in German equities in the past weeks. Salzgitter AG (ETR:SZG), a German company involved in the steel industry, has declined 22 percent YTD and is turning profits for those who bet against the company at the right time. TT International opened a new short in Salzgitter AG (ETR:SZG) at the beginning of April while Marshall Wace started shorting the company…