Photographer: Chris Ratcliffe/Bloomberg

Quant Currency Fund Wins on Pound Plunge by Looking Past Brexit

  • Stockholm-based IPM seeks value without betting on direction
  • Currency fund ‘made money on Friday,’ IPM’s Houles says

For one of the year’s most successful currency managers, the U.K.’s vote last week to leave the European Union was one more vindication of its investment strategy.

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