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Published on 12 Apr 2024 on Bloomberg via Yahoo Finance

A French Fund Manager Beating 97% of Peers Is Shorting L’Oreal


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(Bloomberg) -- French cosmetic giant L’Oreal has returned close to 12% annually for the past 20 years, but Malte Heininger, manager of Carmignac’s Long-Short European Equities Portfolio, is now betting against it.

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