Odey Asset Management Accumulates 5% Stake in Playtech

[kreslik.news]

The foreign exchange and CFDs trading industry has been under pressure since the start of the year. This has been primarily driven by the rollout of the new regulatory restrictions over the business of retail brokers. One company which has been particularly keen in investing into the space is Odey Asset Management.

The firm at one point owned way over 20% of shares of Plus500. As the company was in crisis mode at the end of 2015, the fund was voting against a takeover attempt by Playtech. Today, a ... (read more)