Jun
27
Quant Currency Fund Wins on Pound Plunge by Looking Past Brexit
By-
Stockholm-based IPM seeks value without betting on direction
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Currency fund gained 4.5 percent on June 24, IPM’s Houles says
For one of the year’s most successful currency managers, the U.K.’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 percent,” said Serge
Houles, head of investment strategy at IPM Informed Portfolio Management AB, a Stockholm-based fund that manages $5.5 billion…
Quant Currency Fund Wins on Pound Plunge by Looking Past Brexit
