An Italian hedge fund that spun out of German bank Julius Baer last year has built up a nearly €15 million stake in Irish housebuilder Glenveagh, despite construction being stalled across the country.
Helikon Investments was founded late last year by Federico Riggio, Michele Fiumara, David Grazzini, Vittorio Villa and Flavio Russo, who had previously worked in Julius Baer’s Kairos Pegasus fund together.
Reports at the time in business newswire Bloomberg said that...
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