World News

Hedge fund Marshall Wace takes short position in Danske Bank

COPENHAGEN (Reuters) – Hedge fund Marshall Wace is betting on Danske Bank <DANSKE.CO> shares falling after taking a short position in the Danish lender of 0.5% of issued shares, the Danish FSA said on Friday.

The hedge fund, co-founded by British financier Paul Marshall, is the first to take a short position in Danske Bank at or above 0.5% which is the threshold for disclosing a short position to the authorities, according to the FSA.

(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)