Hedge funds quit Aberdeen shorts as shares begin to recover

Aberdeen has seen 15 consecutive quarters of outflows

The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years.

According to the Financial Times, AQR and Odey Asset Management have removed their long-standing short positions in the asset management firm, following in the footsteps of other hedge funds, which removed their shorts last September. In 2015, the firm was the fourth most shorted London-listed stock, but the short positions have been steadily removed as shares improved.  Over three years, Aberdeen is down 34%, but shares have recovered more recently, returning 10.9% over one year to 17 February and currently trading at 264.7p. The fund management house, which is particularly well-k...