Asset Management

Invesco cushioned against even harder Brexit blow with a hedge

Money manager hedged against collapse of the British pound before the historic result sent sterling crashing

Invesco cushioned against even harder Brexit blow with a hedge
Photo: iStockPhoto

Invesco's large UK presence has bruised the company’s stock in the wake of the Brexit vote.

A bet by the money manager's finance chief, though, has helped Invesco dodge even more painful losses. Months before the UK's historic referendum to leave the European Union, Invesco hedged against a collapse in the British pound.

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