Hedge fund boss Crispin Odey, a major backer of British prime minister Boris Johnson, has continued to raise his bet against Irish exploration company Tullow Oil.
Odey’s fund management company Odey Asset Management increased his total short trade position to 1.37 per cent of the company’s shares, worth around £6.3 million at the company’s share price of 33 pence.
A short trade is a risky bet in which a trader borrows...
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