Lansdowne Partners, the London-based hedge fund that perennially has the largest European short positions, has added to its short positions while Odey Asset Management took an interesting short in ArcelorMittal SA (ADR) (NYSE:MT) (AMS:MT). Lansdowne not a grocery store fan Lansdowne doesn’t like the supermarkets in Europe. The hedge fund, with over $17 billion in assets under management and a $4.7 billion short position in Europe, recently shorted Tesco Plc and Wm Morrison Supermarkets, a fact first reported Bloomberg Brief’s Hedge Fund Europe report, based on a mandatory filing. Lansdowne established their short Tesco Corporation (NASDAQ:TESO) (LON:TSCO) position on May…
Lansdowne And Odey Open Up Big Shorts In Europe
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.