(Bloomberg) P/E Investments’s $4.4 billion currency hedge fund, co-founded by Warren Naphtal, gained about 10 percent on Britain’s decision to leave the European Union, mostly from betting against the euro, according to a person with knowledge of the matter.
The quantitative fund was up 6.4 percent last Friday after the June 23 vote, and 3.7 percent Monday, said the person, who asked not to be named because the information is private. The gains curbed losses this year to about 5.9 percent through June 27, according to a factsheet obtained by Bloomberg News.
