Hedge funds see “little to no profit” from betting against UK supermarkets, as short trades go awry during lockdown Submitted By Hugh Leask | 07/07/2020 - 11:45am Hedge funds that built major short positions against UK supermarkets at the start of the coronavirus lockdown have seen their bets go awry as share prices in the sector remained resilient. Several high-profile hedge fund managers made sizable wagers against the likes of Sainsbury’s and Morrisons earlier in the year, with marquee names such as Pelham Capital, BlackRock and Citadel Europe among those making the biggest bets.