Wirecard short-sellers showed “bravery and belief”, as hedge funds vindicated by scandal-hit firm’s demise, says AIMA CEO Inglis
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By Hugh Leask | 30/06/2020 - 4:42pm
Hedge funds that bet against Wirecard, the German e-payments firm which last week collapsed amid an apparent widespread EUR1.9 billion fraud, showed “bravery and belief” and their actions have ultimately been vindicated, according to Jack Inglis, CEO of the Alternative Investment Management Association.