In March, Polar Asset Management started a hedge fund with a NOK 50m capital (EUR 4.7m), which in the month of August would use the declining stock market caused by the Covid-19 pandemic to create returns through short-selling. This is not how it happened.
"From when we established the position on Aug. 10, the stock market went up from the first second and kept increasing 10-12 percent over August, CEO and Manager at Polar Asset Management Kent Torbjørnsen tells Norwgeian business media Finansavisen.no.
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