Finance

Elliott boosts short positions in British Land and Landsec

By 2018-10-26T00:00:00

Stock market

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US hedge fund increases bets on fall in share prices of two listed property companies, according to FCA filings

The US fund, headed by activist shareholder Paul Singer, declared short positions in both companies last month and has now nearly doubled its bets on a fall in the share prices of the two listed companies, according to filings with the Financial Conduct Authority.

As Property Week went to press on Wednesday evening, Elliott had bets equivalent to 1.21% of the market value of British Land and 1.3% of the value of Landsec, up from 0.7% and 0.8% just over a month ago.

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