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Arrowstreet Capital Fined €297,000 for Incorrect Short Position Notifications

The Dutch Authority for the Financial Markets (AFM) imposed an administrative fine of €297,000 on Arrowstreet Capital, Limited Partnership on 20 April 2026 for systematically incorrect notifications of net short positions in Just Eat Takeaway.com and Galapagos listed on Euronext Amsterdam. The firm submitted 101 incorrect notifications between July 2020 and November 2024, understating positions by tens of millions of euros in many cases, with 85 of those also violating public disclosure obligations. Arrowstreet self-reported the error, corrected it promptly, and cooperated fully with the investigation, leading to a reduced fine through the simplified settlement procedure.