market folly

Louis Bacon’s Moore European Capital has opened a new position in publisher, Mecom (LON: MEC). Due to trading on the 16th of November, Moore now control the voting rights of over 5,039,870 shares or 4.45% of outstanding shares. This is not the only position that Moore European Capital have opened recently via the London market. They also started a new position in Collins Stewart (LON: CLST), a financial advisor.

Regarding other recent positions hedge funds have taken in UK markets, we detailed how Larry Robbins' Glenview Capital increased its Punch Taverns (PUB) position and that Odey Asset Management disclosed a short position in Provident Financial (PFG).

Taken from Google Finance – “Mecom Group plc (Mecom) is engaged in the operation of content and consumer businesses in Europe. The Company owns over 300 printed titles and over 200 Websites in its four divisions, with operations in the Netherlands, Denmark, Norway and Poland."