Bloomberg – The Children’s Investment Fund Management UK LLP, a $9.5 billion U.K. hedge fund, cut its short positions in Japanese stocks including Toshiba Corp. by almost $1 billion in less than two months, exchange filings show.
The London-based fund, also known as TCI, had about $248 million worth of short positions in 12 Japanese stocks, data based on exchange filings compiled by Bloomberg show, compared with about $1.2 billion on April 3.
TCI reduced its short positions in eight of 13 stocks including Sharp Corp., Japan’s biggest maker of liquid-crystal- display televisions, and Mizuho Financial Group Inc., Japan’s second-biggest bank by revenue, according to filings since April.
