(The Business Insider) Norwegian has for long been one of the most shorted stocks in the Nordic stock market with north of 9 percent of its shares shorted. One of the hedge funds that held a negative position in the share was Soros Fund Management, run by legendary hedge fund investor George Soros. Soros is most known as the man who ‘broke the Bank of England’, following his successful bet against the pound in 1992. Sources state that Soros pocketed around one billion dollars from the trade.
Legendary Investor George Soros Made a Huge Bet Against Norwegian Air — And Lost 40% in a Single Day
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