Big Short's Eisman Is Shorting Two U.K. Banks on Brexit
- Fund manager says U.K. is one of the biggest risks globally
- Eisman may short other firms if Corbyn becomes prime minister
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Steve Eisman, the Neuberger Berman Group money manager who famously predicted the collapse of subprime mortgages before the 2008 financial crisis, is shorting two U.K. banks over expectations the country will leave the European Union without a deal.
The U.K. is one of the biggest risks Eisman is watching, he said at a conference in Dubai on Sunday, declining to name the banks he’s betting against. The fund manager expects the U.K. government to agree its exit from the bloc, but said Parliament is likely to reject the deal after that.