From financial data publicly available, £4. 6 billion of aggregate short positions on a ‘no deal’ Brexit have been taken out by hedge funds that directly or indirectly bankrolled Boris Johnston’s leadership campaign.
Most of these firms also donated to Vote Leave and took out short positions on the referendum result. Those which didn’t typically didn’t exist at that time but are invariably connected via directorships to companies that did.
Another £3.7 billion of these short positions have been taken out by firms that donated to the Vote Leave campaign, but did not donate directly to the Johnson leadership campaign.
Currently £8.3 billion of aggregate short positions has been taken out by hedge funds connected to the Prime Minister and his Vote Leave campaign, run by Dominic Cummings, on a ‘no deal’ Brexit."
Now we understand why it's the low income groups that are identified as the worst affected in the Operation Yellowhammer papers and why certain groups are pushing for No Deal. Remember Crispin Odey? The hedge fund manager who made £220 million by betting against the pound in the wake of the 2016 referendum...