The American activist investor that built a stake in Hammerson to press for change at the shopping centre owner is now betting on a fall in the share prices of British Land and Landsec, the FTSE 100 real estate investment trusts.
Elliott Capital Advisors has disclosed a short position on 0.7% of total shares in both property companies, according to market data disclosed to the Financial Conduct Authority.
The activist hedge fund built up a 5.3% stake in Hammerson this year, helping to put pressure on the FTSE 250 company’s strategy after a controversial deal to buy Intu Properties, its rival shopping centre owner, fell apart.
