Odey Asset Management’s James Hanbury Nets £110m on Brexit Trade: Mail Online
Posted: Wed Jun 29, 2016 5:36 pm
The fund manager of Odey Asset Management, James Hanbury, has reportedly made a profit of £110 million betting against the Great British Pound (GBP) ahead of the UK’s EU Referendum vote, according to coverage by Mail Online.
Odey Asset Management is a UK-based firm that oversees funds with over $10b in assets, and Mr. Hanbury – a borderline millennial at the age of 36 – had carried out a survey which showed sentiment towards the Remain campaign leading by a slight margin. Yet, he decided to take a contrarian position anyway.
Despite the consensus he obtained from the private poll, he speculated ... (read more)