{"id":42460,"date":"2014-06-06T09:25:58","date_gmt":"2014-06-06T13:25:58","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42460"},"modified":"2014-06-06T09:25:58","modified_gmt":"2014-06-06T13:25:58","slug":"hedge-fund-shorts-saga-shares-as-losses-mount-for-thousands-of-small-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2014\/hedge-fund-shorts-saga-shares-as-losses-mount-for-thousands-of-small-investors.html","title":{"rendered":"Hedge fund shorts Saga shares as losses mount for thousands of small investors"},"content":{"rendered":"<div class=\"firstPar\" style=\"color: #282828;\">\n<p>Telegraph.co.uk &#8211; One of the world\u2019s biggest hedge funds is betting against Saga in the wake of the company\u2019s high-profile flotation that has left hundreds of thousands of private investors out of pocket.<\/p>\n<\/div>\n<div class=\"secondPar\" style=\"color: #282828;\">\n<p>GLG Partners, which is part of Man Group, has taken a short position of 0.61pc in the over-50s insurance and holidays group, according to a filing with the Financial Conduct Authority.<\/p>\n<\/div>\n<div class=\"thirdPar\" style=\"color: #282828;\">\n<p>Funds borrow stock to take short positions so that they profit when a share price falls. Saga\u2019s shares have dropped almost 7pc below the float price since unconditional trading in the company began last Thursday.<\/p>\n<\/div>\n<div class=\"fourthPar\" style=\"color: #282828;\">\n<p>As a result of that fall, retail shareholders, the majority of whom were Saga customers, will have seen almost \u00a319m wiped off the value of their holdings.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/personalfinance\/investing\/10876356\/Hedge-fund-shorts-Saga-shares-as-losses-mount-for-thousands-of-small-investors.html\">Read complete Story<\/a><\/p>\n<\/div>\n<div class=\"fifthPar\" style=\"color: #282828;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph.co.uk &#8211; One of the world\u2019s biggest hedge funds is betting against Saga in the wake of the company\u2019s high-profile flotation that has left hundreds of thousands of private investors out of pocket. GLG Partners, which is part of Man [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42460","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42460","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=42460"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42460\/revisions"}],"predecessor-version":[{"id":42465,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42460\/revisions\/42465"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=42460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=42460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=42460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}