London hedge fund doubles down on Uniphar short bet

GLG Partners, the London hedge fund controlled by the Man Group, has nearly doubled its short bet against Uniphar, the Irish listed healthcare group.

In January GLGP took a short bet against 0.63 per cent of Uniphar’s shares, which at the time was worth around €5.6 million. New stock exchange filings this week show that bet has risen to 1.17 per cent of the company’s shares.

At Uniphar’s current share price of around €3, it ...