AQR Capital, Occitan and Sunrise Partners Short Lonmin Plc

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A new short has been placed on Lonmin Plc (LON:LMI) (PINK:LNMIY) by AQR Capital Management, Sunrise Partners Limited Partnership, and Occitan Master Fund. The combined stake equals 2.5 percent of Lonmin’s outstanding shares. Lonmin Plc (LON:LMI) (PINK:LNMIY) is involved in the mining and refining of metals of the platinum group.

AQR Capital, Occitan and Sunrise Partners Short Lonmin Plc

AQR Capital Management disclosed another short in IMI plc (LON:IMI), worth o.52 percent of IMI’s shares.

UBS Connor is shorting Fenner plc (LON:FENR). Fenner manufactures and distributes polymers. The bet is on 1.23 percent of Fenner’s stock.

Sunrise Partners Limited Partnership has a short bet of 0.73 percent on Chariot Oil and Gas (PINK:OIGLF), as of November 7, 2012. Chariot is down more than 70 percent in London stock exchange for the year so far.

Sheffield Asset Management, L.L.C. has also joined in with several other hedge funds in shorting Dixons Retail PLC (LON:DXNS) (PINK:DSITY). Sheffield’s 0.71 percent stake in Dixons’ shares was reduced to 0.56 percent on November 7. Another holder, Marble Arch Investments, reduced their position from 2.05 percent to 1.96 percent. Dixons, an electronics retailer,  has reported flat sales and negative earnings over last two years.

Ardevora Asset Management LLP has also placed a short bet on 0.33 percent of Ocado Group PLC (LON:OCDO). This takes the aggregate short position on Ocado Group PLC (LON:OCDO), including the other hedge funds, to 10.8 percent of  the company’s outstanding shares. Ocado is down 11.7 percent in the past seven days. We don’t know what the reasons are, but since the FSA rules have been put in effect, Ocado Group PLC (LON:OCDO) seems to be the one that has been suffering the most.

David Kempner and Pentwater Capital Management slightly reduced their position in Glencore International Plc (LON:GLEN).

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About the Author

Tabinda Hussain
Tabi covers hedge funds for ValueWalk. Although Tabi is an expert in hedge funds, her academic background is in Biology. Follow her on twitter @tabihussain

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