Two US hedge funds have sold major stakes in the troubled Irish software company Datalex at enormous losses, stock exchange filings show.
Highclere Investments, run by American hedge fund boss Ed Makin, and Kabouter Management, based in Chicago, spent €13 million and €15 million respectively building up their stakes in Datalex between 2014 and 2016.
Datalex’s share price has collapsed in recent months, amid revelations of serious accounting irregularities....
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team