AQR, Marshall Wace lead hedge funds to benefit from Europe bank slide
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LONDON (Reuters) - AQR of the United States and Marshall Wace of Britain are among hedge funds to have taken sizeable positions over the past month to benefit from perceptions of European banks' vulnerability to recession. Reuters analysis of short positions across European banking stocks in the EuroSTOXX Banks Index as at Aug. 19 showed six institutions were the object of bets large enough to warrant disclosure.In a short trade, a fund pays to borrows shares from a long-term holder such..