Asset Management

BlackRock, Crispin Odey among funds pocketing nearly €50m on Grenke short bets

Shares in IT firm plunge after short seller Viceroy Research alleges accounting irregularities

BlackRock, Crispin Odey among funds pocketing nearly €50m on Grenke short bets

Odey Asset Management and BlackRock are among a cohort of investors that have pocketed millions from short bets in German IT leasing company Grenke.

Grenke’s stock suffered a two-day fall of about 50% after short-seller Viceroy Research alleged accounting irregularities at the company.

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