Odey Asset Management Continues to Raise Stake in Plus500, Shares Dive 5%

[kreslik.news]

Odey Asset Management, the London-based hedge fund run by Crispin Odey, increased its stake in Plus500 Ltd. for the third time in December after the retail trading platform lost nearly one-third of its value last week in the wake of a crackdown by the FCA on firms selling CFDs to retail customers.

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According to a regulatory filing from the London Stock Exchange, Odey bought about 764,608 million in ordinary shares, whilst unloading 31,053 CFDs, bringing its overall stake in ... (read more)