Hedge fund Marshall Wace has upped its short position against NatWest, raising it to the largest bet taken against the bank since the Financial Conduct Authority began recording short positions.
Regulatory disclosures to the regulator show the $61bn hedge fund first bet against the bank in 2016, and reinstated its bet back in 2022. Since March 2023, the hedge fund has been steadily increasing its short, rising from 0.51% on 10 March to its current 0.61% level. NatWest shares, which stood at about 310p in February, have slumped to 269.4p today (11 April), in tandem with falls in other banking stocks, according to data from MarketWatch. JPMAM's Ward: Banking turmoil will lead to further tightening of lending standards An analysis by Breakout Point cited by Reuters showed tha...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes