QUB News: Hedge fund Qube takes £670mn short bet against HSBC - 18th Nov 2023, 12:09am

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London-based hedge fund Qube Research & Technologies has taken a £670mn bet against HSBC shares, in one of the biggest short positions on a big four UK bank recorded by regulators. The position, which equates to 0.57 per cent of HSBC’s market capitalisation, comes after a strong run for the bank’s shares, which have gained about 18 per cent so far this year. The position was taken on Tuesday, according to data reported to the Financial Conduct Authority.

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