From the indo.
''DICK Spring is a director at a currency speculation fund manager that has made big money by shorting the euro.
The government-nominated AIB public interest director and his colleagues at Alder Capital have made huge profits as financial markets savage the euro over fears that the EU may implode over Greek, Spanish and Portuguese debt mountains. The euro has tumbled against the dollar in recent weeks as speculators and hedge funds smell blood.
Alder manages the €38.9m Friends First Insight Currency Fund, which scored double-digit returns by shorting the euro in 2009. It grew returns by 12.17 per cent by betting against the euro and the US dollar on currencies like sterling and the Australian and Canadian dollar, its latest quarterly report says.
The former Labour party leader and Tanaiste once slated the "financial pirates", or currency speculators, for putting pressure on the Irish punt in the early 1990s.
Spring is a non-executive director and shareholder at at Alder Capital. ''
Spring's fund shorts the euro - Irish, Business - Independent.ie
This was back in mid may of this year and i did not see it up on this board and thought it was worth highlighting especially considering spring's role within the party past and present and especially how his work would seemingly run to the contrary to the supposed socialist and left wing ethos of his party.
Any opinions from labour party members on here with regards to mr spring and his business dealings?