Hedge fund Marshall Wace ups short bet against Natwest

Concerns about banking stability

clock • 1 min read

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...

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