This hedge fund backs ‘spicy shorts’ other firms won’t touch

In a note to investors last week, the QVG Long-Short fund said it had resisted covering its year-long short position in beaten-up battery metals play Core Lithium at the end of 2023.

That decision may have proved prescient, as the stock has sunk a further 18 per cent since the start of the year following news the company had halted mining because of the collapse in the price of battery materials.