(Bloomberg) 36 South Capital Advisors, a London-based volatility hedge fund, was surprised at how rapidly calm returned to markets after the initial Brexit shock spurred massive price swings such as the pound’s widest one-day range on record.
While the fund made money in June, it wasn’t as much as the manager had anticipated as most markets recovered from the convulsions sparked by the British vote to leave the European Union, said Richard Haworth, chief investment officer of 36 South Capital.
