Companies

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

Edmond Scanlon, chief executive, Kerry Group: Marshall Wace, a multibillion-euro London hedge fund, has taken a short bet of almost €90 million against the group. Picture: Maxwells