Deutsche Bank Is A Hedge Fund

Scheiße Capital Management is having a rough day.
Author:
Updated:
Original:
By Nordenfan (Own work) [CC BY-SA 4.0], via Wikimedia Commons

By Nordenfan (Own work) [CC BY-SA 4.0], via Wikimedia Commons

A really, really terrible hedge fund. And one that all the good hedge funds—and everyone else—is ganging up on.

Hedge funds, large and small, are shorting the stock. Long-term institutional investors are dumping their positions. And Wall Street’s secretive but influential community of independent research providers has been proclaiming for months that Germany’s largest bank does not have enough cash to survive….

This trade is getting a lot more popular — no doubt about it,” said Brad H. Lamensdorf, who runs the Ranger Equity Bear E.T.F., an exchange-traded fund that tracks a portfolio of stocks that Mr. Lamensdorf believes are going to sink fast.

“Deutsche Bank is a massive hedge fund with lackadaisical compliance and a lot of leverage. I think it’s going to five bucks.”

I guess Mr. Lamensdorf hasn’t heard about the deal that’s going to save the Germans' speck.

Phoenix Group Holdings said it’s buying Deutsche Bank AG’s U.K. insurance unit Abbey Life Assurance Co. for 935 million pounds ($1.2 billion)….

The German lender said it will book a pretax loss of about 800 million euros ($895 million) from the sale.

Deutsche Bank Is the Darling of the Short-Sellers [DealBook]
Deutsche Bank to Take €800 Million Hit on Abbey Life Sale [Bloomberg]

Related

JohnCryan.Gimp

Deutsche Bank Exec Appears To Be Totally Unaware That Deutsche Bank Is Headquartered In Germany

New rule: The only bank not allowed to bitch about moving to Frankfurt is the one already fucking based there.

CryanSorry

Deutsche Bank To Germans: Is It Too Late Now To Say Sorry?

Cryan knows that he let you down. Is it too late to say entschuldigung now?

Cryan.CalmDown

Deutsche Bank: It's All Good

Everyone is apparently freaking out over nothing.

(Getty Images)

First Installment of ‘Good News At Deutsche Bank’

John Cryan won't have to spend the bank's final few pfennigs on a class-action mortgage settlement.

(Getty Images)

Deutsche Bank Discovers Rare Good, Marketable Idea

A cheap and easy way to profit from the junk-bond collapse!

deutsche-bank-logo-eyes

Today’s Installment Of ‘Bad News At Deutsche Bank’

In fairness, a fine at the end of a U.S. criminal inquiry may actually be the best news the Germans have heard in months.