Asset Management

Hargreaves sells out of Burford Capital after short attack

Funds supermarket says Muddy Waters has not proved its case, but its accusations will ‘keep the stock under a cloud’

Hargreaves Lansdown, the fund supermarket, has dumped its holding in litigation financer Burford Capital. Earlier this month a short-selling attack sent Burford’s shares tumbling 56%.

Hargreaves, which manages several in-house funds as well as selling other companies’, has dropped Burford from its Select UK Growth, Select UK Income and Select Global Growth funds, it said in a statement on its website on August 29.

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