Hedge Funds Target Swedish Industrial Manufacturers
Swedish consumers are spending at their fastest rate since 2010 according to Nordea Bank which raised its estimate for GDP growth in Sweden to 1.5 percent in 2013 from 1.3 percent. Meanwhile hedge funds have been quietly increasing their short exposure in Sweden, one of the less troubled economies of the Eurozone. Most of the shorts in Sweden are concentrated in the industrial manufacturing space, two big name shorts that have come up are Sandvik AB . . .
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