13 February 2015 01:26 AM
There’s never a dull day with Quindell but yesterday it was investors’ antics that set pulses racing. A sale of 21 million shares in the outsourcing specialist sent a flurry of excitement through the market in the afternoon, and led many to speculate that Toscafund was behind the trade. The hedge fund sold 2.2 million Quindell shares earlier in the week, so it wouldn’t have been out of the blue for Tosca to dump its stake. But a market source noted that the firm often trades shares between its funds and so may simply have been shuffling the deck rather than ditching it altogether. Quindell’s stock dipped by 3.75p to 67p.