Leading London hedge fund takes €90m short bet against Kerry Group
The food ingredients giant’s shares have fallen in value in recent months, from a high of more than €126 a year ago to its current price of just over €100
Marshall Wace, a multibillion-euro London hedge fund, has taken a short bet of almost €90 million against Kerry Group, one of Ireland’s largest and most successful companies.
Stock exchange filings last week show that the hedge fund, which was founded by Paul Marshall and Ian Wace in 1997 and is one of the world’s largest hedge fund management firms, is betting against 0.5 per cent of the company’s shares.
At Kerry’s current share price of ...