• Brexit: How hedge funds used private polls to make millions
    10 replies, posted
https://www.bloomberg.com/news/features/2018-06-25/brexit-big-short-how-pollsters-helped-hedge-funds-beat-the-crash
Seems like the law regarding polls needs to be tightened if it's illegal for most of the public to get a hold of them early but perfectly fine for hedge funds.
An article I read this morning suggested that Farage saying remain would win was a way to drive up the pound for the penultimate big short. It also mentioned how Farage and some other ukip arsehole admitted to seeing exit polls from the financial sector - speculation being these exit polls would be illegal to publish at the time they were seen. At least someone is getting rich from brexit - they'll use it to move to the US or the EU jumping, as the leave campaign might put it, the sinking ship.
You know the drill, people in power benefit, nothings gonna happen.
yeah in this article it mentions how he changed his story The private exit poll that appears to have had the most clients was conducted by Farage’s favorite pollster and friend, Damian Lyons-Lowe, whose company is called Survation. It was sold to multiple clients and correctly predicted Leave, according to Farage and other sources familiar with the results. In an interview with Bloomberg, Farage said he learned of Survation’s results before making at least one of two public concessions that night, meaning there was a good chance he was feeding specious sentiment into markets. Feels like insider trading cept its obviously not.
Add this to the mess as well. https://twitter.com/mrjamesob/status/1011501606364475393
I really like James O'Brien
One person with questions still to answer is Farage, a former commodities broker who also went to work for a London currency trading company after he moved into politics. He twice told the world on election night that Leave had likely lost, when he had information suggesting his side had actually won. He also has changed his story about who told him what regarding that very valuable piece of information. I still can't believe how people fell for this cunt's bullshit. All it would have taken is one look at his Wikipedia page years ago to realise that he's just a wolf in sheep's clothing. He isn't one of the lads down the pub looking out for average bloke while the elitists ignore them; he's a conniving toff who wants to fuck you in the arse and then convince you it's for the good of the nation.
The article is very lengthy so I havent read all of it in detail, but from what I have read, this doesn't really seem ethically dubious. Some hedge funds predicted the outcome before the crash by using polling data they paid for. This saved the investors in the funds (i.e. the public) a shit load of dosh. Where is the problem?
What's that? Brexit was a play by the financial elite to make even more money at the expense of everyone who wasn't them? Fucking shocker that one. I have no idea how someone could be so dense as to believe the leave campaigns shit about Brexit being a strike against ~the Liberal elite~
This has happened before though. Back when Britain begrudgingly joined the single market before the EU they idiotically decided to peg the pound to the Deutschmark at a fixed rate and thanks to fairly predictable events happening, the pound plummeted after they couldn't keep up. Financial guys made huge amounts of money off of it (Soros the socialist liberal devil made the most)
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