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Article
The Brexit Short
How Hedge Funds Used Private Polls to Make Millions
Bloomberg Businessweek ,
2018
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Having an information edge is essential for hedge funds. Thus, according to this revealing article by financial journalists Cam Simpson, Gavin Finch and Kit Chellel, a select group of funds took advantage of private poll information and gained a crucial upper hand as the final decision came down on the Brexit vote on June 23, 2016. The events surrounding that evening make for a fascinating and instructive read on the opaque environment in which these investment firms operate. getAbstract recommends this fast-paced cautionary tale to investors, traders and observers of the political scene. Caveat lector.
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About the Authors
Cam Simpson, Gavin Finch and Kit Chellel are journalists at BloombergBusinessweek.
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