Have Ennismore got it wrong about Quindell?
Ennismore have increased their Quindell short position and on the 09/02/15 had a short position of 2.03%.
Whilst this is a concern for shareholders it should be noted that Ennismore have called it wrong in the past with regard to Quindell.
The Ennismore Fund’s NAV fell by 0.7% in January 2015. The largest negative attribution came from a short in Quindell, which cost the fund 1.1%.
In their update issued 10th February (see here) Ennismore pointed out the following.
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