Founder of $1 Billion Hedge Fund Bets Pound Has Potential to Rally More

Fund favors options, sees room for currency to strengthen 5%
Sterling surged 5.3% in October, most since financial crisis

Sterling Rates To Fluctuate During Brexit Negotiations — Photographer: Matt Cardy/Getty Images

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By Nishant Kumar

November 14, 2019 at 11:38 AM EST

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A prominent money manager who oversees $1 billion in assets is betting on a stronger pound.

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Before it’s here, it’s on the Bloomberg Terminal