These Trades Are the Winners and Losers From Brexit Vote Shock
- Homebuilder Taylor Wimpey takes biggest plunge in FTSE 100
- Gold ETF’s rally benefits Eton Park, Paulson hedge funds
Brexit: Is U.S. at Risk of a Recession
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Markets were roiled after U.K. voters decided to quit the European Union. Yet even in the chaos, some trades paid off.
No company on the FTSE 100 was hit harder by the news than U.K. homebuilder Taylor Wimpey Plc: shares fell 29 percent Friday because of concern that demand for home-buying will slow. UBS Group AG’s stake -- which typically represents holdings on behalf of clients -- increased to 2.5 percent as of June 3, according to data compiled by Bloomberg from a regulatory filing. Credit Suisse Group AG’s ownership, also typically held for clients, almost halved to 0.5 percent. Holdings are as of the latest regulatory filings.