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...
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