Hedge Funds

Marshall Wace joins £1bn UK short-selling bonanza in defiance of meme army

More short positions have been declared in London so far this month than in the entirety of May

Boohoo is among UK firms targeted by short-sellers this month
Boohoo is among UK firms targeted by short-sellers this month Photo: Alamy

Marshall Wace topped a list of short-sellers targeting the London stock market in early June, leading the pack during a week of outsized activity for betting against UK equities.

The London hedge fund took out the largest short position made in the City last week with a £141.6m bet against cruise operator Carnival, based on a Financial News analysis of documents filed with the Financial Conduct Authority.

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