Big Short Pays Off for BlueBay in Three-Year Bet Against Pound
- Built position in Feb. 2016 as saw Brexit risks underpriced
- Only 30% chance of U.K. leaving EU by Oct., says BlueBay CIO
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BlueBay Asset Management has ended a three-year bet against the pound as it now sees an extension to the Brexit deadline and fresh elections as the most likely outcome to the U.K’s political turmoil.