The Big Short on Woodford-支援するd 会社／堅いs: Hedge 基金s bet £900m that 株 held by 基金 経営者／支配人 will 落ちる

  • 関心s grow that 星／主役にする 基金 経営者／支配人's 選ぶs 直面する a 解雇する／砲火／射撃 sale
  • Short-販売人s have taken positions out against a 一連の Woodford favourites?
  • They 含む?Barratt 開発s, Crest Nicholson, Kier and BCA Marketplace

By William Turvill For The Mail On Sunday

Updated:

Hedge 基金s have placed a £900million bet that 株 held by Neil Woodford will 急落する as the 星／主役にする 基金 経営者／支配人 is 軍隊d into a 解雇する／砲火／射撃 sale.

The 積極的な 手段, known as short-selling, is another blow to Woodford whose 評判 has already been 不正に 損失d by the debacle at his 公正，普通株主権 Income 基金.

Short-販売人s have taken positions out against a 一連の Woodford favourites, 含むing Barratt 開発s, Crest Nicholson, Kier and We Buy Any Car owner BCA Marketplace.

Short-sellers have taken positions out against a series of Woodford favourites

Short-販売人s have taken positions out against a 一連の Woodford favourites

In some 事例／患者s, almost one in seven 投資家s in these 会社／堅いs is betting the 株 price will 落ちる.

Other companies are 推定する／予想するd to be 的d in the coming weeks as Woodford 捜し出すs to sell off his 火刑／賭けるs in 'illiquid' 会社／堅いs whose 株 are not often or easily 貿易（する）d either because they are small 名簿（に載せる）／表（にあげる）d （独立の）存在s or unlisted on the 在庫／株 交流.

Woodford is one of the few City 投資 経営者／支配人s who publishes a 十分な 名簿（に載せる）／表（にあげる） of his holdings.

分析家s said the 発覚 that hedge 基金s are circling his 投資s is likely to 構内／化合物 the 推定する／予想するd 落ちるs in 株 he owns.?

Peer cashes out just in time...?

A Blairite 労働 peer appears to have 排除する／（飛行機などから）緊急脱出するd his 基金s from Neil Woodford's beleaguered 公正，普通株主権 income 基金 in the nick of time.?

Lord Mendelsohn's 利益／興味 in the Woodford 基金 ended last Saturday ? two days before other 投資家s were 一時停止するd from selling their 火刑／賭けるs, によれば 議会の 記録，記録的な／記録するs.?

The peer also cashed out of Woodford's income 焦点（を合わせる） 基金 on June 1.?He did not 答える／応じる to requests for comment.?

The 前例のない 状況／情勢 comes after Woodford last week 封鎖するd 投資家s from 身を引くing money from his beleaguered 公正，普通株主権 Income 基金 ? 説 the 抱擁する outflows were making it impossible for him to 生き返らせる its fortunes.

Woodford, Britain's best-known 在庫／株-picker who was once compared to the 伝説の US 投資家 過密な住居 Buffett, 誓約（する）d to spend at least the next 28 days reshaping the 基金. The 基金 is now 推定する／予想するd to remain shut for months.?

Woodford's 誓約（する） 暗示するd he would have to sell 負かす／撃墜する some of his 在庫／株 to make it easier to 支払う／賃金 支援する 投資家s who want out, 誘発するing a 貿易（する）ing frenzy in the City.

分析家s 恐れる that if Woodford 再開するs the 基金 and is 軍隊d to sell large 量s of the 株 to 返す furious 投資家s, the flood of 株 he puts on the market is 高度に likely to send prices 負かす／撃墜する even lower.

Russ Mould, 投資 director at AJ Bell, said: 'Because he is so transparent about what his holdings are, every 競争相手 基金 経営者／支配人 in the country knows what he's got. They know that in some 事例／患者s he may have to sell, and given [he has spoken about 投資するing in bigger, liquid companies in the 未来], they know what he's going to buy.?

'Anything where he's got a 火刑／賭ける of over 20 per cent in the lower part of the FTSE 350, small cap or 目的（とする）, I would think people will be looking.?

'The only problem for them is whether they can get the liquidity to borrow the 株 and then buy them 支援する when they want to? So they will tread reasonably carefully.'?

Adrian Lowcock, 長，率いる of personal 投資するing at 投資 会社／堅い Willis Owen, said: 'Until we get more clarity on what's been sold and what's going to be sold, it will 重さを計る on the prices.'

A number of 会社／堅いs that count Woodford as a major 投資家 have already seen their 株 prices 沈む. Kier's 株 ? nearly 10 per cent of which are owned by Woodford across different 基金s ? fell 44 per cent last week, driven by a 利益（をあげる） 警告.?

Stobart, 知識人 所有物／資産／財産 会社／堅い IP Group and car services company AA fell 12 per cent, 8 per cent and 7 per cent それぞれ. 目的（とする）-名簿（に載せる）／表（にあげる）d support services 会社／堅い Redde was 負かす／撃墜する 12 per cent.

Woodford's bungled 戦略 has already seen several major （弁護士の）依頼人s abandon him, 含むing 財政上の 助言者s St James's Place and Hargreaves Lansdown.

Short-販売人s take 契約s out to borrow 株 and sell them in the hope of buying them 支援する at a lower price. They can then return the 株 to the 初めの owner and pocket the difference.

によれば IHS Markit, 14 per cent of Kier's 株 are out on 貸付金, a の近くに 指示する人（物） of shorting, up 4. 11 百分率 points over last week and 9 per cent of Crest Nicholson's 株 are 貸付金d. In total, IHS Markit 人物／姿／数字s show that just over £900 million 株 across 43 名簿（に載せる）／表（にあげる）d 会社／堅いs in Woodford's 公正，普通株主権 income 基金 are out on 貸付金.

Last week Woodford 否定するd the suggestion he is 行為／行うing a '解雇する／砲火／射撃 sale' of 資産s まっただ中に 報告（する）／憶測s he had already sold or transferred nearly £600million of 在庫／株 since last Monday.

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