January 3, 2020 / 11:00 AM / 19 days ago

Hedge fund Marshall Wace takes short position in Danske Bank

FILE PHOTO: A Danske bank sign is seen on a bank's headquarters in Copenhagen, Denmark October 22, 2019. REUTERS/Nikolaj Skydsgaard

COPENHAGEN (Reuters) - Hedge fund Marshall Wace is betting on Danske Bank (DANSKE.CO) 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.

Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely

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