US hedge fund makes short bet against Irish Continental | Business Post

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US hedge fund makes short bet against Irish Continental – WhyteBarry reports.

Israel Englander, owner of Millennium Management: built up a €3.5 million short bet against Irish Continental Group .

Israel ‘Izzy’ Englander, the owner of Millennium Management, has built up a €3.5 million short bet against Irish Continental Group . 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...

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