D.E. Shaw Bets Against Barclays

D.E. Shaw Group doesn't think much of the economic recovery, at least when it comes to Barclays.

The New York-based hedge fund giant has built up a big short position in the British bank, it disclosed. The 0.26% short bet is currently worth about £100 million, The Telegraph reports.

Barclays shares lost 5.4% last year but are up an impressive 17.5% this year.