Laughing all the way to the bank by looking beyond Brexit

New York

FOR one of the year's most successful currency managers, the UK's vote last week to leave the European Union was one more vindication of its investment strategy.

"We made money on Friday, sure, we were up over 3 per cent," said Serge Houles, head of investment strategy at IPM Informed Portfolio Management AB, a Stockholm-based fund that manages US$5.5 billion.