Chicago fund takes €1 billion bet on Ryanair as it plays long game

Chicago fund takes €1 billion bet on Ryanair as it plays long game

A multibillion-dollar Chicago mutual fund has spent more than €1 billion over the past nine months building up an 8 per cent stake in under-fire airline Ryanair, stock exchange filings show.

Harris Associates, which manages about $141 billion in assets, is known for taking long-only positions on shares, meaning the firm is taking a bet that the airline’s shares are set to rise.

Stock exchange filings show that last week the firm bought €111.7 million – or...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post