(Wall Street Journal Interactive) A bevy of hedge funds have scored big after building a sizable short position against Anglo American PLC, the fifth-biggest miner by market valuation. In a investor day Tuesday, Anglo American suspended dividend payments and slashed capital expenditure in a battle with an ongoing commodities slump. The miner also announced 85,000 new job reductions and a major restructuring. Shares fell over 11%, after tumbling to an all-time low the previous day…
Hedges Score Big Time On Bets Against Anglo American
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