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Hedge funds hunt for Brexit victims

Shortsellers have hiked their bets against domestically oriented UK companies since the Leave vote three months ago

Every little helps: Hedge funds see value in Tesco stock
Every little helps: Hedge funds see value in Tesco stock Photo: iStock

Hedge funds and other short sellers have upped their bets against companies that do most of their business in the UK since the country voted to leave the European Union three months ago.

Short bets - trading positions that stand to make a profit if a share price falls - on several UK-listed companies have risen sharply since the June 23 referendum, in one case more than doubling, as investors bet that such companies' business will suffer from the Brexit fallout.

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