From the Sunday Times...

A New York hedge fund manager is sitting on an estimated loss of close to £40m after taking an aggressive short position on Ocado, the online grocery company. Elinor Carter Simonds, a managing director of Blue Ridge Capital, made a bet last year that shares in Ocado would fall. The Yale graduate borrowed between 20m and 30m shares when the price was about 130p. She immediately sold the stake in the hope that it would fall in value, which would have netted a big profit for Blue Ridge, the Sunday Times reports.

How many pension funds have loaned this women millions of the shares they hold on our behalf?

http://www.sharecast.com/cgi-bin/sha...ory_id=4060789

 

I was talking to a mate (also called Andy ) the other day as he was explaining hedge funds to me because that is his business. He explained that for every big winner, there will be a loser somewhere... the above kinda proves that

Just checked the price now, 259.30p LOL and she bought/sold them at what

 

Ouch, maybe she'll just wrap up the company and leave the debit unpaid....

 

Hedge funds tend to be asset rich, so probably not a good strategy. She'll probably leave her investors nursing a big loss and waltz into a similarly well paid job elsewhere.