- Hedge funds close bets against Baillie Gifford’s Scottish Mortgage Investment Trust.
- Investors believe share price may be nearing bottom.
- Trust's share price down by over a third over the past year.
- Trust trades at a 20% discount to its net asset value.
- Trust's exposure to unquoted stocks is one of the reasons its shares are trading at such a large discount.
Hedge funds scale back bets against Scottish Mortgage
Investors close short positions in expectation that share price may be nearing bottom
Emma Dunkley
