Elliott Shorts Shell, Hedges BP
This is a U.S. news story, published by CNBC, that relates primarily to Paul Singer's news.
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•Business
Business & Economics
Activist investor Elliott takes short position in Shell after building a stake in rival BP

79% Informative
U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program.
The move comes shortly after it emerged Paul Singer's hedge fund had taken a near 5% stake in Shell 's struggling rival, BP .
The position is reportedly worth 0.5% of Shell 's stock.
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