Hedge funds take £ 162million for shares in property giant British Land

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Hedge funds take £ 162million for shares in property giant British Land

Hedge funds took a £ 162million bet against shares in property giant British Land.

Official data shows that the value of British Land shares held by short sellers – investors using contracts to make money from a decline in a company’s stock price – has reached its highest level since more than two years.

Place a bet: Official data shows the value of British Land shares held by short sellers hit their highest level in more than two years

The situation worsened when London hedge fund Marshall Wace, led by Sir Paul Marshall and Ian Wace, increased its short position last week.

This coincided with a government decision to extend the ban on commercial evictions until next March – a blow to landlords but good news for tenants.

The increase in the level of short positions in British Land – 3.6% of its shares – places it in the top ten of the shortest companies. Rival Hammerson has long been among the highest with 6.5% of its shares currently in the hands of short sellers.

Sainsbury’s and Cineworld are the only stocks on the market with more investors betting against them.

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Shawn Beecher

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