Marshall Wace Ups Bets Against France Inc

The London based hedge fund, Marshall Wace, is adding to its short portfolio in France. The long/short equity hedge fund has several shorts disclosed in French equities, probably the highest among all others. Frexit murmurs and more short bets MW’s new bearish bets come at a time when the term ‘Frexit’ is becoming hot, implying a possible exit of France from the European Union. France is undergoing a turbulent recovery and to add further to instability, a pro-Frexit party, Marine Le Pen’s Front National, just won a closely watched local by-election. Meanwhile approval ratings of Francois Hollande’s Socialist party have…