London hedge fund in €17m short bet against Glanbia shares

London hedge fund in €17m short bet against Glanbia shares

Talomon Capital was founded by Andrew Lubin and it has taken a 0.5 per cent short position in the company, according to Central Bank filings

A London hedge fund has built up a €17 million short bet that the shares in Irish agrifood company Glanbia will continue to fall in price.

Talomon Capital was founded by Andrew Lubin - formerly a trader at SAC Capital, one of the biggest hedge funds in the world - and it has taken a 0.5 per cent short position in the company, according to Central Bank filings.

A short trade is a risky transaction in which...

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