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‘Brexit’ Surprised Hedge Fund Managers Used To Picking Winners

by cnbc.com posted 2years ago 358 views
The billionaire hedge fund manager Leon Cooperman told an audience of Wall Street insiders on Wednesday that there was a 70 percent probability that Britain would stay inside the European Union. "I don't worry about Brexit," he added. Ben Hunt of Salient Partners, went as far as to call it a "Bear Stearns moment," evoking the investment firm whose collapse in March 2008 was a prelude to the financial chaos that September. Yet even as the most successful hedge fund managers now survey a sea of down markets, panic has not gripped the...

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