While 2013 was a bad year for shortselling, the new year has proven to be fruitful so far for some bearish bets. Short interest in Ashmore Group plc (LON:ASHM) (OTCMKTS:AJMPF) and Aberdeen Asset Management plc (LON:ADN) increased in the past month. Both companies are UK-based investment managers which specialize in emerging markets. Short interest in Ashmore Group has increased from 3.3% at the end of 2013 to 6% this year. Short interest in Aberdeen amounts to 3.77% of outstanding shares. Odey shorts Ashmore Group and Aberdeen Ashmore has been under the eyes of some well-known hedge funds over the last year who…
Odey Scores With Bets Against Emerging Markets
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.