(Bloomberg) Glencore Plc isn’t the only mining company attracting attention from short-sellers during the commodities rout. A trio of hedge funds led by Odey Asset Management are betting rival Anglo American Plc’s shares will fall.
London-based Odey holds the biggest bet against the U.K. mining company’s share price, according to data compiled by Bloomberg. U.S. hedge funds Discovery Capital Management and Millennium Management are also betting on Glencore peer Anglo American declining as commodities producers are hit further by concerns over a Chinese slowdown.
