Funds sell over €30m worth of Glenveagh shares as other shareholders up stakes
Singapore’s sovereign wealth fund has boosted its stake in the listed Irish homebuilder, while a London hedge fund has reduced its holding
Rye Bay Capital, a London hedge fund, sold nearly €30 million worth of shares in Glenveagh Properties last week, stock exchange filings show. The fund reduced its stake from 6.7 per cent to 3.34 per cent in two separate tranches.
Another firm also trimmed its stake in Glenveagh at the same time. Teleios Capital, an activist fund run by American investor Adam Epstein, sold €1.5 million worth of shares to take its stake from 15 ...