Hedge fund Marshall Wace is a secret winner in the Amazon-led $575 million funding round for food-delivery company Deliveroo

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London-based Marshall Wace had a $175 million bet on three of Deliveroo's competitors' stocks falling — Just Eat, Delivery Hero, and Takeaway.com.

The two bets by Marshall Wace, totaled roughly $122 million, according to Breakout Point. The firm also has a $53 million short on a third Deliveroo competitor, Berlin-based Delivery Hero. That company's stock price has gone up slightly since the news of the Amazon investment.Multi-billion-dollar hedge fund manager Daniel Sundheim is pumping up Netflix, but dismisses the Canadian pot industry

Marshall Wace, founded by billionaires Paul Marshall Wace and Ian Wace more than 20 years ago, manages $39 billion and is partially owned by KKR. Other funds with notable shorts on Deliveroo competitors are AQR, which took a $136 million bet against Just Eat and Delivery Hero, and Australian-based manager Platinum Investment Manager, which took a $87 million bet against Just Eat.

AQR and Takeaway.com declined to comment, while Marshall Wace and the other companies named did not immediately respond to requests for comment.

 

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