The Fergie effect? Odey shorts Man Utd as team struggles

Crispin Odey has taken out a short position on Manchester United as the team has its worst start to a season for 12 years.

Odey has placed a 0.78% short position on the stock, according to a regulatory filing.  Since taking over from the retiring Sir Alex Ferguson, new manager David Moyes has presided over back-to-back home defeats for the first time since 2001, with the club now 12 points off league leaders Arsenal. Shares in the New York-listed club are up 22.7% year-to-date, however, on rising commercial revenues. While another hedge fund, Tremblant Capital, is also short Man Utd’s stock, Odey has pitted himself against George Soros, whose firm owns 2.1m shares in the club. Odey (pictured)'s fla...