Lone Pine Capital and Lansdowne Profit From Tesco Accounting ScandalVW Staff
British consumer retail giant, Tesco PLC (LON:TSCO), made at least two hedge funds richer with its recent accounting scandal. Tesco shares are down over 12% since yesterday, and it seems like it is going to get worse.
Steve Mandel's Lone Pine Capital and London-based Lansdowne Partners, one of the largest hedge funds in Europe, were betting on the winning side of this trade. Lansdowne has been holding Tesco's shares short for nearly two years now, whereas Lone Pine Capital exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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