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London’s Marble Bar makes big short bet on yacht firm as Russian oligarchs face seizure of luxury toys
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Market bears are circling an Italian yacht builder as investors look at the wider impacts of sanction against Russian oligarchs.
London-based money manager Marble Bar Asset Management disclosed to regulators that it holds a 0.5% short in Sanlorenzo, according to analysis by Breakout Point, a data analytics firm. Sanlorenzo, based in Ameglia on the Italian coast, is a shipbuilding firm that specialises in yachts and superyachts.
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