New York hedge fund takes short positions against Irish firms Kingspan and CRH

New Central Bank filings show Millennium International Management holds sizeable short positions against both Kingspan and CRH

Kingspan chief executive Gene Murtagh: Millennium International Management, a New York hedge fund, has made a €65m bet against the Irish company’s share price

Israel ‘Izzy’ Englander, the New York-based hedge fund manager, has been shorting the shares of a number of Irish companies including CRH and Kingspan in recent months, new Central Bank filings show.

Englander’s hedge fund, Millennium International Management, recently declared two substantial shorts on the two companies, the filings reveal.

The Kingspan short was against 0.5 per cent of the company’s shares, the size of which was around €65 million at the company’s current share ...