Bridgewater shorts €130m worth of CRH shares
Irish construction materials company continues to perform strongly despite a drop in its share price – and Ray Dalio’s hedge fund’s bet against it
Bridgewater, the hedge fund founded by the American multibillionaire Ray Dalio, is shorting nearly €130 million worth of shares in CRH, the Irish concrete and construction materials company.
The hedge fund, which is the world’s largest, with $150 billion in assets, has been holding a short position on 0.52 per cent of CRH’s shares since the end of September, Central Bank filings show.
CRH’s share price has dropped significantly since January, from a price of ...