Hedge funds are adding to shorts on UK housebuilders amid Brexit fears and concerns over the government's ability to support the market. The number of investors in British residential property has fallen by more than a third since last year, according to data from financial services firm Hargreaves Lansdown. FCA data showed Marshall Wace increased its short on Berkeley Group, Millennium added to shorts on Bovis Homes and Taylor Wimpey and Janus Henderson upped is short on Barratt Homes and added fresh shorts worth roughly $43m combined on Flintshire, Redrow and Crest Nicholson.
Hedge funds are adding to shorts on UK housebuilders amid Brexit fears and concerns over the government's ability to support the market. Despite the boost from Help to Buy, property margins will likely plateau, and housebuilder earnings will be muted this year, according to J&E Davy analyst Colin Sheridan. FCA data showed Marshall Wace increased its short on Berkeley Group, Millennium added to shorts on Bovis Homes and Taylor Wimpey and Janus Henderson upped is short on Barratt Homes and added fresh shorts worth roughly $43m combined on Flintshire, Redrow and Crest Nicholson.