Ignoring Brexit Is Paying Off for This $5.6 Billion Quant Fund
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There’s a Swedish hedge fund that’s decided to ignore Brexit and bet on the pound in a move it hopes will help it keep outperforming its peers.
Informed Portfolio Management, which is based in Stockholm, has delivered better returns on its currency bets than the benchmark index against which it measures its performance. The risk that Britain might crash out of the European Union isn’t enough to stop IPM from believing in the pound.