London hedge fund takes fourth short bet on Kerry Group shares
Greenvale Capital has taken a short position on 0.5 per cent of shares in the firm - the equivalent of €80 million - in the hopes prices will fall
Greenvale Capital, a London hedge fund with nearly £1 billion worth of assets under management, has taken a short position on 0.5 per cent of shares in Kerry Group.
The position is worth the equivalent of €80 million at Kerry’s current share price of around €91.
A short trade is a risky bet in which a trader borrows a share from a broker and sells it on the open market, in the hope that they ...