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London’s Marble Bar makes big short bet on yacht firm as Russian oligarchs face seizure of luxury toys
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fnlondon.comMarket bears are circling an Italian yacht builder as investors look at the wider impacts of sanction against Russian oligarchs.
London-based money manager Marble Bar Asset Management disclosed to regulators that it holds a 0.5% short in Sanlorenzo, according to analysis by Breakout Point, a data analytics firm. Sanlorenzo, based in Ameglia on the Italian coast, is a shipbuilding firm that specialises in yachts and superyachts.
Read more on fnlondon.comAbout this in other media
Spain has seized Russian oligarch’s $140m superyacht in Barcelona, PM says theguardian.com /2 years ago
Britain blocks luxury exports to Russia worth hundreds of millions theguardian.com /2 years ago
Roman Abramovich: Chelsea owner latest Russian oligarch sanctioned by UK euronews.com /2 years ago
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