Funds Hub
Money managers under the microscope
Shorting Kazakhmys
Interesting to see increased short interest in Kazakhmys.
This week we highlighted Cazenove hedge fund manager Tim Russell’s caution about the miner’s valuation and the consistency of its earnings.
According to Data Explorers, the short base has been rising steadily over the past three months to 0.9 pct from 0.1 pct.
While still up more than six-fold on their price a year ago, Kazakhmys’s shares have generally been on the way down in the past two weeks from their 12-month high. The short interest suggests others share Russell’s view.
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.
Shares in the world’s second-biggest chocolate and sweets maker shot up around 38 percent today after it snubbed a 745 pence a share bid but many funds had long since closed their shorts.
