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Hedge Funds Are Raising U.K. Homebuilder Short Bets Again

(Bloomberg) Once bitten, twice shy? Not in the case of the hedge funds that are shorting U.K. homebuilders, even after the strategy burned some of their peers in the wake of the Brexit vote. Firms including Millennium, Marshall Wace and Janus Henderson Group are raising bets against an industry that’s key to Britain’s economy. This comes amid waning optimism about the government’s ability to prop up the market with incentive schemes as well as fears that the U.K.’s looming departure from the European Union will hurt real estate.

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