Espirito Santo Still Haunting Portugal ETF
August 06, 2014 at 13:00 PM EDT
Some hedge funds are loving the collapse of Portuguese bank Banco Espirito Santo. The Global X FTSE Portugal 20 ETF (NYSEArca: PGAL) is, obviously, not a hedge fund nor is it taking news of Espirito Santo’s demise well. London-based hedge fund Marshall Wace LLP shorted Espirito Santo at 99 euro...