07-10-2016 22:55 via news.yahoo.com

Computer-driven funds likely winners from sterling flash crash

By Maiya Keidan and Anirban Nag LONDON (Reuters) - Computer-driven hedge funds were most likely the main winners when the British pound lost a tenth of its value to a 31-year low in a matter of minutes on Friday, investors said. There were some losers too but many of these hedge funds have been running significant bets against the pound since earlier this year, ahead of the June 23 referendum on European Union membership. The $200 million computer-driven hedge fund Piquant Technologies made betw
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