Hedge fund Marshall Wace is a secret winner in the Amazon-led $575 million funding round for food-delivery company Deliveroo
|05/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Amazon just led a round of funding for London-based Deliveroo worth $575 million that pushed down the stocks of competitors Just Eat, Takeaway.com and Uber.
- Hedge fund Marshall Wace emerged as a winner from the deal, as it had three shorts on Deliveroo competitors.
- For more stories like this, visit Business Insider’s homepage.
London-based hedge fund Marshall Wace was one of the big winners following news that Amazon was leading a $575 million funding round of Deliveroo, a London-based food delivery service.
The $39 billion hedge fund had the biggest short position in Dutch Deliveroo competitor, Takeaway.com, and the read more >>>