9th Feb 2016 06:34
LONDON (Alliance News) - Hedge fund managers have been taking short positions against Berkeley Group Holdings PLC, The Financial Times reported on Monday.
The stock is seen as a "proxy" for new high-end London property, the report said, amid signs Asian and Russian buyers are deserting the market.
Odey Asset Management, BlueMountain Capital Management and Anchorage Capital took short positions against the FTSE 100 builder in January, the newspaper said, worth 2.2% of its share capital. The report cited data disclosed to the UK Financial Conduct Authority.
Shares in Berkeley closed down 7.7% at 3,129.00 pence on Monday. The stock is down 15% so far in 2016.
http://www.ft.com/cms/s/0/56d07144-ce5e-11e5-831d-09f7778e7377.html#axzz3zeKIxTcd
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