Hedge Funds That Shorted Carillion Now Circle Rival Kier
- BlackRock, Marshall Wace among funds holding short interest
- Supply-chain finance system is similar to Carillion’s setup
A builder lays scaffolding in a roof space on a construction site for residential housing by Kier Group Plc.
Photographer: Chris Ratcliffe/Bloomberg
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Some of the same hedge funds that took aim at Carillion Plc, the U.K. construction company that collapsed earlier this year, are now targeting one of its peers.
Bearish wagers against Kier Group Plc surged to a four-year high, according to data compiled by IHS Markit Ltd., with rising short interest from hedge funds such as Marshall Wace LLP and Och-Ziff Capital Management Group LLC.