Hedge fund bets big on Greencore share moves

Melqart Asset Management, which describes itself as an event-driven hedge fund, has upped its stake in Greencore to 7.17 per cent, according to regulatory filings

1st April, 2018
Greencore chief Patrick Coveney

A London hedge fund has increased its position in Greencore, the embattled Irish food company.

Melqart Asset Management, which describes itself as an event-driven hedge fund, has upped its stake in Greencore to 7.17 per cent, according to regulatory filings. The holding in Greencore is held through contracts for difference.

Melqart emerged on Greencore’s radar this year as the company’s share price plunged on the back of difficulties in parts of its US operations....

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