Brexer profits from Britain's collapse
"Odey Asset Management has declared £149m of short positions against UK shops, banks, estate agents and property companies.
However, the fund has performed strongly in recent months, as the pound has fallen further and the share prices of a number of British businesses Odey bet against have collapsed.
His fund has gained more than 50% so far this year, including a return of 7% in October, making it one of the world’s best-performing hedge funds, according to the Financial Times."
"Odey was one of the most prominent supporters of the drive to leave the EU and donated almost £900,000 to pro-Brexit campaigns. He placed huge bets against the pound and government bonds in the run-up to the June 2016 referendum and made an estimated £220m profit when the pound collapsed following the leave victory."
https://www.theguardian.com/busines...Ud341sozuapHXVofFH_WKWqtdr1SrbV1GyCTiPnxDq-OU
"Odey Asset Management has declared £149m of short positions against UK shops, banks, estate agents and property companies.
However, the fund has performed strongly in recent months, as the pound has fallen further and the share prices of a number of British businesses Odey bet against have collapsed.
His fund has gained more than 50% so far this year, including a return of 7% in October, making it one of the world’s best-performing hedge funds, according to the Financial Times."
"Odey was one of the most prominent supporters of the drive to leave the EU and donated almost £900,000 to pro-Brexit campaigns. He placed huge bets against the pound and government bonds in the run-up to the June 2016 referendum and made an estimated £220m profit when the pound collapsed following the leave victory."
https://www.theguardian.com/busines...Ud341sozuapHXVofFH_WKWqtdr1SrbV1GyCTiPnxDq-OU