You are here

Brexit surprises hedge fund veterans used to winning

George Soros, among other veterans, got it all wrong.

Even as the most successful hedge fund managers now survey a sea of down markets, panic has not gripped the industry yet, because hedge fund managers watched the elections from the sidelines.

New York

EVEN some of the smartest guys in the room got this one wrong.

The billionaire hedge fund manager Leon Cooperman told an audience of Wall Street insiders on Wednesday that there was a 70 per cent probability that Britain would stay inside the European Union. "I don't worry