Saturday, 24 January 2009
Tory hedge fund donors made £12m short-selling on Barclays as its share price plummeted
By Michael Lea,Daily Mail
Last updated at 11:35 PM on 23rd January 2009
A hedge fund run by two Tory donors made a £12million killing in days by exploiting the collapse of Barclays shares, it was revealed yesterday.
Financiers Paul Ruddock and David Craigen have donated more than £300,000 to the party, most of it since David Cameron became leader.
Within hours of the ban on the controversial practice of short-selling being lifted last Friday, their company Lansdowne Partners sold shares in Barclays worth £28.4million.
Last updated at 11:35 PM on 23rd January 2009
A hedge fund run by two Tory donors made a £12million killing in days by exploiting the collapse of Barclays shares, it was revealed yesterday.
Financiers Paul Ruddock and David Craigen have donated more than £300,000 to the party, most of it since David Cameron became leader.
Within hours of the ban on the controversial practice of short-selling being lifted last Friday, their company Lansdowne Partners sold shares in Barclays worth £28.4million.
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