Oil and Gas Explorers are a new hedge fund favorite (well sort of)… While Odey Asset Management has a knack of betting rightly against several companies, we are not sure whether the timing of its latest short in Admiral Group plc (LON:ADM), a UK based auto insurer, was motivated by a bear case or was an attempt to cash into the ex-dividend drawdown, or both. The fund disclosed a 0.5 percent short position in Admiral Group plc (LON:ADM) on April 29, the company paid out dividend on May 1 and as a result has lost some 6.8 percent in value since….
Hedge Funds Short Oil and Gas Explorers In UK
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.