The pound's crash last week caused some hedge funds including BlueBay Asset Management and Crispin Odey of Odey Asset Management to cheer — saying they profited from the market turmoil.
But overall, the industry might have been caught flat-footed.
Trading
Hedge funds were bullish on the pound before mini-budget turmoil
Crispin Odey has said he correctly bet on the pound's plunge. Options data show many of his hedge fund peers were net long
Tuesday 4 October 2022 at 08:19
