{"id":10052,"date":"2009-03-09T00:00:00","date_gmt":"2009-03-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-makes-13m-short-selling-aviva","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/hedge-fund-makes-13m-short-selling-aviva.html","title":{"rendered":"Hedge fund makes \u00a313m short-selling Aviva"},"content":{"rendered":"<p>Independent &#8211; Lansdowne Partners, the hedge fund, has made almost &pound;13m from a short position in Aviva &ndash; and stands to make more if the beleaguered insurer announces a rights issue. <\/p>\n<p>The London-based investor has had a net short position on 0.27 per cent of Aviva shares since 13 February. The stock has since tumbled to less than half its value and on Friday a trade could have netted the fund &pound;12.7m. <\/p>\n<p>Hedge funds which made a killing last year short-selling banks ahead of rights issues are turning their attention to the insurance sector. <\/p>\n<p>Lansdowne last month made a possible profit of almost &pound;2.7m from short positions in Old Mutual and Legal &amp; General, and has continued with trades in Aviva and Prudential. Lansdowne is not alone. Rivals including Odey Asset Management, Diamondback Capital and Gilder Gagnon Howe have also been playing the game. <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.independent.co.uk\/news\/business\/news\/hedge-fund-makes-16313m-shortselling-aviva-1640288.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Independent &#8211; Lansdowne Partners, the hedge fund, has made almost &pound;13m from a short position in Aviva &ndash; and stands to make more if the beleaguered insurer announces a rights issue. The London-based investor has had a net short position [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8706,2410,249,1663,4306,8703,261,8704,5438,4650,5995,3364,8705,6712,6131,6017,336,4977],"class_list":["post-10052","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-13-february","tag-amp","tag-asset-management","tag-aviva","tag-banks","tag-gilder-gagnon-howe","tag-insurance","tag-insurance-sector","tag-insurer","tag-investor","tag-lansdowne-partners","tag-london","tag-playing-the-game","tag-prudential","tag-rivals","tag-short-position","tag-stock","tag-trades"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10052"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10052\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}