Money managers under the microscope
Hedge funds avoid sticky situation in Cadbury
Figures from Data Explorers today show hedge funds have again been largely right in their short positions, this time in Cadbury.
Data Explorers’ figures show stock out on loan — a strong indication of short interest — in Cadbury fell from from more than 4 percent in May to just 1 percent by last Thursday.
However, this had crept up from around 0.5 percent in July, indicating a few funds had been betting on a price fall, perhaps to balance out long positions in more cyclical stocks that were rallying.