Hedge funds in the City of London have made huge profits by betting against the U.K. pound ahead of the U.K mini fiscal budget last week, according to a...
Hedge funds in the City of London made huge profits by betting against the U.K. pound ahead of the country’s mini fiscal budget last week, according to a report by The Sunday Times.
One of the hedge funds... Hedge funds in the City of London made huge profits by betting against the U.K. pound ahead of the country’s mini fiscal budget last week, according to a report by The Sunday Times. One of the hedge funds mentioned was Crispin Odey’s London-based Odey Asset Management, whose main fund is reportedly up by 145% this year from shorting U.K. government bonds, according to Reuters sources. A source from Odey declined to comment to MarketWatch.
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