Published on 17 Apr 2024 on Bloomberg via Yahoo Finance
Hedge Funds Including Millennium Are Shorting UK Water Companies
(Bloomberg) -- Hedge funds including Millennium Management and Arrowstreet Capital are shorting the assets of UK water companies after a crisis at Thames Water spotlighted high debt levels across the industry.
Most Read from Bloomberg
Dubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Tesla Asks Investors to Approve Musk’s $56 Billion Pay AgainPowell Signals Rate-Cut Delay After Run of Inflation Surprises