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Espirito Santo Still Haunting Portugal ETF

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...
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