Scientist Turned Hedge-Fund Founder Lured to Pound, Euro Swings
- Pakula to look for ‘themes around stress’ in Europe, the U.K.
- AE Capital’s fund returns 7.5% this year, outpacing peers
A one euro coin.
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AE Capital, a hedge fund run by a former atmospheric scientist, is seeking to take advantage of price swings in the pound and euro versus other currencies as the aftershocks of Brexit rumble across the globe.
Volatility in the pound will remain elevated in the coming months after the U.K. opted to quit the European Union last week, said Lyle Pakula, the fund’s Melbourne-based chief investment officer. There is also “more risk in the euro” as the outcome fuels populist and nationalist sentiment across Europe, he said.