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Crispin Odey’s hedge fund places short bet against meme stock AMC

AMC became one of Odey manager James Hanbury’s biggest winners in July

Crispin Odey's Brook Asset Management has taken a bet on AMC's share price falling
Crispin Odey's Brook Asset Management has taken a bet on AMC's share price falling Photo: Getty Images

The hedge fund of City investor Crispin Odey has placed a bet against the shares of cinema chain AMC, one of a group of so-called meme stocks favoured by retail traders this year.

A short position — which bets that the share price of the target firm will fall — has been taken out against AMC by Odey manager James Hanbury, the Financial Times reported.

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