David Harding didn’t want to leave the EU. He even put up £3.5 million to avoid it. But David Harding—or David Harding’s computers—also knew something about his fellow Englishmen, and so he hedged his bets a bit. As such, he’s earned himself a tidy consolation prize, more than making up for the Brexit vote—at least monetarily.
Winton’s Diversified fund was up 3.1% in the wake of the U.K. vote, helped by bets against the British pound and euro, according to a client note reviewed by The Wall Street Journal.