Hedge Funds Lansdowne, Passport Profit as Glencore Plunges

Updated on
  • Two funds have short positions in London commodities firm
  • Glencore stock fell 29%, extending decline to 78% in 5 months

Glencore Takes Brunt of Global Commodities Rout

Glencore Plc’s plunge on Monday has been good for two investors. Hedge funds Lansdowne Partners and Passport Capital had bet shares of the miner and commodity trader would fall.

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