News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Hedge Funds

Dozens of hedge funds puncture the industry’s pro-Brexit myth

Some Brexiteers welcome 'The Hunger Games in Mayfair', but many alternatives investors are bearish on the benefits of leaving the EU

Dozens of hedge funds puncture the industry’s pro-Brexit myth
Photo: FN Staff

George Soros is the world’s richest hedge fund manager, and its most prominent opponent of Brexit. He has donated substantially to campaign groups lobbying for a second referendum over Britain’s membership of the European Union.

Yet some industry experts reckon without Soros heavily shorting the pound in September 1992 — a day dubbed Black Wednesday, which led to Britain’s exit from the Exchange Rate Mechanism and which reportedly made Soros £1bn — Brexit might never have happened.

WSJ Logo