Lansdowne Partners, the London-based hedge fund that perennially has the largest European short positions, has added to its short positions while Odey Asset Management took an interesting short in ArcelorMittal SA (ADR) (NYSE:MT) (AMS:MT).
Lansdowne not a grocery store fan
Lansdowne doesn’t like the supermarkets in Europe. The hedge fund, with over $17 billion in assets under management and a $4.7 billion short position in Europe, recently shorted Tesco Plc and Wm Morrison Supermarkets, a fact first reported Bloomberg Brief’s Hedge Fund Europe report, based on a mandatory filing.
Lansdowne established their short Tesco Corporation (NASDAQ:TESO) (LON:TSCO) position on May 28, taking less than a 1% stake in the firm with...
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