Private Equity

Hargreaves Lansdown short-sellers retreat as board mulls CVC-backed takeover

Citadel, Marshall Wace and Millennium close shorts in fund supermarket, leaving BlackRock the only firm betting against the stock

The UK’s largest DIY investment platform is locked in discussions with a private-equity-backed consortium
The UK’s largest DIY investment platform is locked in discussions with a private-equity-backed consortium Photo: Dinendra Haria/Getty Images

Hedge funds betting against Hargreaves Lansdown have made a hasty retreat as the fund supermarket continues to weigh up a £5.4bn takeover bid.

Citadel, Marshall Wace and Millennium have closed out their short positions in the platform group since a CVC-backed consortium tabled multiple bids to take the group private, according to regulatory filings.

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