The Short Selling Regulations were introduced on 1 November 2012. More detail about the regulations, including disclosure thresholds, are available on the FCA website.
When a fund manager discloses a position of less than 0.5% in a company, we now remove them from the current disclosures section and from the total short position. This is because there is no further obligation on them to disclose their positions in that company. We will continue to show all disclosures in the previous disclosures section.
Castellain Capital LLP is a boutique investment manager with a value investment style and a focus on asset-backed companies and high-yield securities.