US investment firm Bridgewater Associates appears to have made a rapid exit from an €80m short position it recently established in Irish building materials giant CRH. The latest notifiable short positions published by the Central Bank of Ireland do not list any position in CRH by Bridgewater. Short positions exceeding 0.5pc of a company's stock must be publicly disclosed under EU rules. But short positions can sour if the share price in the target company rises. Bridgewater held a 0.66pc short position in CRH on March 9.

Source: Irish Independent March 28, 2020 02:26 UTC