Millennium takes second short bet against Smurfit Kappa
Israel Englander’s hedge fund has taken out a short position on 0.5 per cent of Smurfit’s shares, worth over €43 million
Israel ‘Izzy’ Englander, the owner of Millennium Management, has taken another short bet against Smurfit Kappa, the Irish paper and packaging company.
Filings with the Central Bank show that Englander’s New York-based hedge fund has taken out a total short position on 0.5 per cent of the company’s shares, worth more than €43 million at the current share price.
It is the second major short bet against Smurfit by Millennium in recent months. In August, ...