Wednesday January 29, 2020

US hedge funds dump Datalex stakes at huge losses

Highclere Investments and Kabouter Management have sold their shares in the troubled Irish software firm

Barry J Whyte

Chief Feature Writer

@whytebarry
6th January, 2020
Datalex’s share price has collapsed in recent months, amid revelations of serious accounting irregularities

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....

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