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Marshall Wace is shorting Next, Burberry and B&M — here’s why

The hedge fund also holds short positions on British chemicals firm Croda International, Cambridge-headquartered information technology firm Darktrace and London-based recruiter Hays

Data published by the FCA shows that Marshall Wace took a 0.68% short position against £10bn Burberry Group
Data published by the FCA shows that Marshall Wace took a 0.68% short position against £10bn Burberry Group Photo: Simon Dawson/Getty Images

London-headquartered hedge fund Marshall Wace has placed big bets against UK retailers after the sector witnessed a drop in sales during March.

The latest disclosure to the UK’s Financial Conduct Authority shows that the hedge fund has a 1.88% net short position against fashion and cosmetic retailer Asos, which has a £769m market cap.

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