Hedge Fund Titan Viking Global Made a $680 Million bet on Scandal-Plagued Wells Fargo (WFC)

Business Insider Aug 14 2017 BoardNews

One of the world's largest hedge funds made a huge bet that scandal-plagued Wells Fargo's worst days are behind it.

Viking Global, a $30 billion asset manager founded by Swedish billionaire Andreas Halvorsen, disclosed Monday it had bought 12.3 million shares in the troubled bank, worth around $681 million, in the second quarter.

The fund also cashed out its stake in JPMorgan Chase, selling 3.7 million shares worth $325 million, according to Bloomberg...

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Hedge Fund Titan Viking Global Made a $680 Million bet on Scandal-Plagued Wells Fargo (WFC)

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Hedge Fund Titan Viking Global Made a $680 Million bet on Scandal-Plagued Wells Fargo (WFC)

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