Wall Street raider Saba bets in opposition to UK shares regardless of beforehand claiming to be a saviour for the inventory market

Boaz Weinstein has begun betting heavily against several London-listed companies despite previously claiming to be a saviour for parts of the stock market.

The Wall Street tycoon’s hedge fund Saba Capital has taken out short positions against eight firms, effectively betting that their share prices will fall.

Disclosures on shorts issued by the watchdog, the Financial Conduct Authority (FCA), reveal that Saba has targeted troubled bank note printer De La Rue, Harry Potter publisher Bloomsbury and review website Trustpilot.

Weinstein is also betting against software firm Aptitude, electronics maker DiscoverIE, lighting group Luceco, consultancy outfit Next 15 , and power cable specialist Volex.

Firms must disclose any short position which goes above 0.5 per cent of a company’s shares. 

Of the eight held by Saba, Bloomsbury is the largest with the US hedge fund having a 0.95 per cent holding.

Bets: Boaz Weinstein’s  hedge fund Saba Capital has taken out short positions against eight firms, effectively betting that their share prices will fall

Weinstein’s shorting of UK shares stands in stark contrast to the hedge fund manager’s previous claims to be a ‘white knight’ for London’s investment trust sector.

His recent campaign to oust the boards of seven trusts was defeated by shareholders of the so-called ‘miserable seven’.

The Mail campaigned against his attacks to encourage investors to vote on the measures.