Top global fund holds 13 Ibex positions worth €350M, hit by two bankruptcies

A leading global fund, identified as New Zealand-based, holds 13 positions on Spain's Ibex index valued at over €350 million, but has been impacted by two major bankruptcies. The fund's exposure to Spanish equities suggests a contrarian or value-driven strategy amid market volatility. The specific fund and bankruptcy details remain unspecified, limiting the analytical depth.