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With merger mania, can short ever be sweet?
UK equity hedge fund managers believe private equity bid deal analysis holds the answer to working a short book in the current markets, says Solomon Teague
For most long/short hedge fund managers, running a short book remains the real challenge in their role, where the risk is significantly higher and potential gain limited - the inverse of the situation in a fund's long book.
In recent times the short book has become an even bigger headache for hedge fund managers, says Mike Nicol, portfolio manager of Glasgow Mackintosh's Pan European Long/Short Equity Fund.
private problems
The problem, he says, has come with private equity funds: where once
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