COPENHAGEN (Reuters) - Hedge fund Marshall Wace is betting on Danske Bank (CO:DANSKE) shares falling after taking a short position in the Danish lender of 0.5% of issued shares, the Danish FSA said on Friday.
The hedge fund, co-founded by British financier Paul Marshall, is the first to take a short position in Danske Bank at or above 0.5% which is the threshold for disclosing a short position to the authorities, according to the FSA.