Investment funds take short punt on Paddy Power on shares-dip expectation

A number of international investment funds have taken short positions in Paddy Power Betfair in a bet that the bookie’s shares will decline.

Three firms have taken short positions in the Dublin-headquartered betting giant, with one short-seller, Marshall Wace, amassing a 1.22 per cent short holding in recent days. Ochs Ziff Management Europe has a 0.5 per cent short in Paddy Power, regulatory filings reveal, as does GLG Partners.

Short-sellers are investors who ...