Odey Scores With Bets Against Emerging Markets

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.