Winton Capital Having Bittersweet Banner Day

David Harding's profit is consolation for the Leaves prevailing.
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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.

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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.

The Giant Hedge Fund That Got ‘Brexit’ Right [WSJ]

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