Nov
01
This Investment Bank Sold All U.K. Assets Before Brexit Vote
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Stockholm-based investor began selling as polls narrowed
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Sold out stocks and bonds in financial, consumer industies
Carnegie Investment Bank AB, which manages $17.2 billion for clients, sold all of its U.K. holdings as opinion polls narrowed ahead of the June vote to exit from the European Union.
“We had equities and corporate bonds in Britain before the vote,” chief strategist Henrik Drusebjerg said in a telephone interview on Monday. “We started selling off our U.K. holdings to absolute zero maybe a month before the vote,” he said. He wouldn’t give the value of the assets sold…
This Investment Bank Sold All U.K. Assets Before Brexit Vote
