Hedge Funds Continue To Enjoy The Brexit World They Helped Create - Dealbreaker

Who could have guessed that the elevation of a pathologically lying buffoon to Number 10 Downing Street in advance of the most consequential and probably catastrophic moment for the United Kingdom since Dunkirk could have a negative effect on one of the things that Brexiters most prize, the pound Sterling? Well, uh, pretty much anyone, of course. But who among them is best-positioned to engineer such an outcome, and then profit from it, much like they helped engineer Brexit (and profit from it) in the first place? Why, hedge fund managers and other traders, of course.

Boris Johnson's push towards a no-deal Brexit is a "free lunch" for hedge funds and currency traders trading off the collapse of the pound, the former chairman of Goldman Sachs' Asset Management Sir Jim O'Neill has said….

O'Neill told the BBC Radio 4 World at One programme that UK government figures "deliberately promoting the no-deal Brexit risk" were allowing traders to benefit.

"I'm pretty sure that a lot of big foreign exchange and hedge fund type people are... probably looking at what's being said coming out the UK as almost close to a free lunch," O'Neill said.

"The world I was in a lot of them are saying thank goodness for Boris, he's giving us a chance to make some money."

‘Thank goodness for Boris’: Hedge fund managers see Brexit chaos as a ‘free lunch’ for traders [BI]
Pound Pushed Toward Historic Low as Investors Worry Over Brexit [WSJ]

Related

England's Donald Trump: Pro-Leave, obviously.

Brexiteers Have Figured Out What Brexit Means, And It’s Not What The Prime Minister Says It Means

So in the great tradition of Brexit, they’re taking their balls and going home.

BorisJohnsonPorn

Brexit Freakout Reaches Porn Levels Of Mass Hysteria

Boris Johnson is getting all kinds of famous.

England's Donald Trump: Pro-Leave, obviously.

Boris Johnson Accomplishes The Impossible

Not just cutting a Brexit deal: Cutting a Brexit deal worse than the first on his own pre-Prime Ministerial terms.

CrispenOdeyHEnHOuse

Brexit- And Chicken-Loving Hedge Fund Manager Charged With Sexual Assault

Looks like Crispin Odey’s got something else in common with Boris Johnson.

England's Donald Trump: Pro-Leave, obviously.

Boris Johnson Wastes No Time Proving, Yup, He’s Still Boris Johnson

Thanks for the campaign money, City, and sorry (but not really).

Getty Images

EU Planning Cruel Irony For Brexit-Loving Hedge Fund Managers

Congrats, you left the European Union. Now you’ve got to come back if you want to keep your job.

By Luis Miguel Bugallo Sánchez (Lmbuga Commons)(Lmbuga Galipedia)Publicada por/Publish by: Luis Miguel Bugallo Sánchez (Own work) [GFDL or CC-BY-SA-3.0], via Wikimedia Commons

Crispin Odey Backing Hard Brexit, Shorting Pound, Sees No Connection Between The Two

The Lord of Cluckingham Manor is offended you’d think him so base.