US hedge fund makes short bet against Irish Continental
The owner of Irish Ferries saw business and revenue pick up last year after a buffeting from Covid-19, but its shares have been on the slide since January
Israel ‘Izzy’ Englander, the owner of Millennium Management, has built up a €3.5 million short bet against Irish Continental Group (ICG).
Filings with the Central Bank show that the New York-based hedge fund has taken out a trade against 0.62 per cent of the company’s shares, as of close of trading on Friday.
A short trade is a risky transaction in which traders borrow shares from a broker and sell them on the open market, ...
