(Bloomberg) Och-Ziff Capital Management and Man Group Plc’s GLG unit were among at least five hedge funds to profit as Abengoa SA, a Spanish renewable-energy company, fell as much as 69 percent Wednesday.Abengoa’s B shares plunged after the Seville-based company said it would seek preliminary protection from creditors following the breakdown of talks with a new investor. A spokeswoman for Abengoa declined to comment.
Five money managers, including New York-based Och-Ziff and London-based GLG, have had their short positions on Abengoa disclosed by Spanish regulators. The others are Sothic Capital Management, TT International and Carmignac Gestion SA, all based in Europe.
