Hedge funds have halved their short positions in emerging market-focused firms Ashmore and Aberdeen Asset Management as the region comes back into favour with investors.
The amount of shorted stock at Ashmore has fallen from 9% to 4.6% since this time last year, when it was the fourth most shorted London-listed firm. Meanwhile, the amount of equity on loan at Aberdeen Asset Management, led by Martin Gilbert (pictured), has decreased from 4% to 1.75%. According to the Financial Times, only two hedge funds now have a short position against Aberdeen, despite continuing outflows at the emerging market-focused business. The firm, which has a fifth of its assets invested in emerging regions, is now shorted by just Odey Asset Management and US firm AQR Ca...
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