(Reuters) A steep fall in British outsourcer Capita’s share price on Wednesday provided a windfall for a small group of hedge funds, including CapeView Capital and computer-driven investor AQR Capital. Capita’s stock fell more than 45 percent after its chief executive warned on 2018 profit and announced a wide-ranging plan to shore up the company’s finances, in the wake of the collapse of heavily indebted sector peer Carillion.
Capeview, AQR Among Hedge Funds Winners From Capita Share Slide
This entry was posted in Syndicated. Bookmark the permalink.