Hedge fund Coltrane Asset Management unveiled a short position in UK investment trust Chrysalis Investments — a bet that is the latest sign short-sellers are targeting companies that invest in startups.
Coltrane is a New York activist fund run by Mandeep Manku, a Deutsche Bank alum and former trader at Dan Loeb's hedge fund Third Point. Jupiter Asset Management's publicly listed Chrysalis Investments invests in early stage, mostly unquoted, startups.
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