Multi-strategy hedge fund major Citadel has taken a sizeable bearish position against shares of the Magnum Ice Cream Company, just weeks after the business was spun out of consumer goods group Unilever, according to a report by the Financial Times.
The report cites regulatory disclosures as showing that the Miami-based hedge fund has built a net short position equivalent to 0.69 per cent of Magnum’s issued share capital. Based on the company’s market capitalisation of around €8.3bn (£7.3bn), the...
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