Odey shorts Manchester Utd as hedge funds line up for Blinkx
HEDGE fund guru Crispin Odey is shorting stocks in Manchester United, while other funds are betting against London listed Blinkx, regulatory data shows.
Odey Asset Management disclosed a $5m short position in the club to the Financial Conduct Authority last week. Wall Street investor Luxor Group also disclosed a 1.85 per cent short position in Blinkx while German firm Blau also revealed a 0.8 per cent short. Blinkx raised £39m last week, which may have added to shorting interest.