Bloomberg – East Lodge Capital Partners LLP is buying protection against losses on U.K. government debt and the pound before the Scottish independence vote in two weeks’ time, according to a person familiar with the matter.
The London-based hedge fund run by Alistair Lumsden has also taken short positions in Royal Bank of Scotland Group Plc, betting the stock will decline in value if Scotland calls time on the nation’s 307-year-old union with England and Wales, said the person, who asked not to be identified because the information is private.
