Hedge Funds Profiting as Anglo American Short Bets Reach RecordBy
Odey, Discovery and Lone Pine among funds shorting U.K. miner
Anglo American’s shares have fallen 73 percent already in 2015
At least five hedge funds including Odey Asset Management are betting shares in Anglo American Plc, the worst performing FTSE 100 Index stock this year after commodity prices slumped, will fall further.
Shares in the miner have declined about 73 percent this year and funds Discovery Capital Management LLC, Lone Pine Capital LLC, Pointstate Capital LP and Key Group Holdings (Cayman) are also betting they will fall further, according to short-selling data provided by the U.K.’s financial regulator…
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