Shorts In U.K. Real Estate Reward Hedge Funds

The Brexit mayhem and consequent downturn in London’s real estate market have gotten several hedge funds to take up new short positions in the U.K. real estate sector.

See also Hedge Fund Assets Rise On Brexit Gains

Marshall Wace bags profit from shorting U.K. real estate companies

One of London’s leading hedge funds, Marshall Wace, declared a negative position in British Land Company, which is among the largest property companies in the U.K. The hedge fund is shorting 0.5% of British Land Company. The company’s shares have fallen 13% since the Brexit vote.

Marshall Wace was also shorting the U.K.’s largest property company, Land Securities Group, but it covered the short position in...