Tuesday September 22, 2020

Odey hikes Tullow short bet in deal worth €5.9m

Odey Asset Management pushes short bet to 0.87 per cent of the company’s shares

Barry J Whyte

Chief Feature Writer

2nd February, 2020
Crispin Odey: his is one of a number of funds to take bets against Tullow

Hedge fund boss Crispin Odey has nudged up his short bet against Irish oil exploration company Tullow Oil.

Odey’s fund management company Odey Asset Management pushed his short bet to 0.87 per cent of the company’s shares, worth around €5.9 million at the current Tullow share price of 58 cents.

A short trade is a risky bet in which a trader borrows a share from a broker and sells it on the open...

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