Markets
Second London hedge fund takes short bet against Kerry Group
Greenvale Capital joins Marshall Wace in betting that the food giant’s shares will continue to fall
A second London-based hedge fund has taken a substantial short bet against Kerry Group, one of Ireland’s largest and most successful companies.
Central Bank data released last week shows that Greenvale Capital, which has nearly £1 billion worth of assets under management, has taken its short position on 0.5 per cent of shares in Kerry Group.
At the company’s share price of slightly over €91, that means that Greenvale is betting against more than €80 ...