Saxo Bank co-founder after EUR 20m loss: "2021 was a fantastic year"
Lars Seier Christensen, the co-founder of Saxo Bank, lost on a short bet in 2021, leaving him with a substantial deficit. He has a big chunk of his private wealth invested in cryptocurrencies and blockchain technology and says the accounts do not reflect the true developments, but expects a tough 2022.
by aske muff, translated by catherine brett
2021 was a fantastic year for the global equity market, but not for billionaire Lars Seier Christensen, who lost DKK 148m (EUR 20m) betting against the market.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Trillion-dollar manager: "Markets climb a wall of worry"
For subscribers
