New hedge fund takes short bet against Smurfit Kappa
Almost €180 million of the paper company’s shares are now held by two funds taking a short bet
Source: businesspost.ie
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Almost €180 million of the paper company’s shares are now held by two funds taking a short bet
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Israel Englander’s hedge fund has taken out a short position on 0.5 per cent of Smurfit’s shares, worth over €43 million
While their profits were modest compared to recent years, it’s a dramatic turnaround from midyear.
Don’t worry if you’re not a superstar: There’s not enough talent in the region to go around for even the biggest hedge funds.