Cam Simpson, Gavin Finch and Kit Chellel
The Brexit Short
How Hedge Funds Used Private Polls to Make Millions
Bloomberg Businessweek , 2018
What's inside?
Access to polling data proved wildly profitable for some hedge funds during the Brexit vote.
Recommendation
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.
Summary
About the Authors
Cam Simpson, Gavin Finch and Kit Chellel are journalists at BloombergBusinessweek.
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