Business

Hedge fund bets £ 162m on shares in British Land, a real estate giant

Hedge fund bets £ 162m on shares in British Land, a real estate giant

Hedge funds have bet £ 162 million on shares in British Land, a real estate giant.

According to official data, the value of British Land shares held by short-sellers (investors who are using contracts to profit from falling corporate stock prices) has risen to its highest level for over two years.

Make a bet: Official data shows that the value of British Land shares held by short sellers has risen to the highest level over two years

The situation was exacerbated last week when Marshall Wace, a London hedge fund run by Sir Paul Marshall and Ian Wace, increased his short positions.

This was in line with the government’s decision to extend the ban on commercial evictions until March next year. It’s a blow to the landlord, but welcome news for the tenants.

With the rise in the level of British Land’s short positions (3.6% of shares), British Land is in the top 10 of the shortest companies. Rival Hamerson has long been at its highest level, with 6.5% of its stake now in the hands of short sellers.

Sainsbury’s and Cineworld are the only stocks on the market where more investors are betting on them.

Advertising



Hedge fund bets £ 162m on shares in British Land, a real estate giant

Source link Hedge fund bets £ 162m on shares in British Land, a real estate giant

Back to top button