GLG Partners latest to bet that Glanbia share price will fall
The London hedge fund has taken a short of €25 million on Glanbia shares in the aftermath of Glanbia plc’s announcement that it was selling its remaining stake in Glanbia Ireland
GLG Partners, the London hedge fund controlled by the giant Man Group, has built up a €25 million short bet that the shares in Glanbia, the Irish food company, will fall in price.
It is the third such bet that GLG has taken against Glanbia in the last three weeks, as the company’s share price has slumped from €14 to just under €13.
A short trade is a risky transaction in which traders borrow shares ...