Troubled Deutsche Bank Drags Hedge Funds Down With It

Cerberus and Hudson Executive Capital have lost hundreds of millions of dollars betting on the struggling bank.

(Krisztian Bocsi/Bloomberg)

(Krisztian Bocsi/Bloomberg)

U.S. hedge funds Hudson Executive Capital and Cerberus Capital Management are the top two shareholders in Germany’s embattled Deutsche Bank. But despite myriad efforts to try to turn around the floundering giant, both funds have so far lost hundreds of millions of dollars on their big bet.

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