April 20, 2014

Odey Asset Management shorts Man United

Odey Asset Management, the London-based hedge fund has short bet 0.78% of Manchester United’s outstanding shares according to ‘The Street’.

Reports suggest that Odey believes that that football team’s stuttering start to the new season will be translated into poor performance on the stock exchange.

While Odey has shorted the stock, rival Lansdown Partners Limited has a long position in the club.

 

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