(Bloomberg) — A former hedge fund manager who shot to fame for a $2.7 billion volatility trading gain during the global financial crisis is buying the pound on a day when the currency slumped to an all-time low.
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Stephen Diggle on Monday used 10% of the assets of a “small fund” to buy sterling to finance investments in the UK, especially stocks of companies that have earnings in the greenback but costs in the British currency, he said in an email. He didn’t…
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