Hedge fund Marshall Wace takes short position in Danske Bank

Credit: REUTERS/STAFF

COPENHAGEN, Jan 3 (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)

((copenhagen.newsroom@thomsonreuters.com; +45 3396 9673; Reuters Messaging: jacob.pedersen.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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