5.31.2016

Hedge Fund Using Exit Polls to Predict UK Referendum on EU

With the UK threatening to leave the EU, hedge funds are seeing an opportunity to profit from correctly predicting the outcome of the EU referendum. 

Several hedge funds are planning to conduct exit polls, at a cost of around half a million dollars a piece, to help them gauge the odds of the UK withdrawing from the EU. Presumably this information could allow these hedge funds to place large bets on currency markets.

According to Financial Times "A strengthening pound will be associated with a swing to ‘Remain,’ while a weakening in sterling versus the dollar and other currencies would be seen as a boost for ‘Leave.’"


According to The Wall Street Journal, currency markets indicate that traders believe heavily the UK will vote to remain in the EU: "Across options and futures contracts, speculators have nearly erased their net short sterling positions, according to data from the U.S. Commodity Futures Trading Commission."

'Hedge funds have asked for exit polls and for hourly polls on the day.," according to one pollster, 'Banks are certainly commissioning polls for their own consumption that are never released.'

Top 75 Largest US Hedge Funds 2016

Below is a list of the top 75 US Hedge Funds based on equity assets for 2016:


Rank Hedge Fund State Equity Assets Primary Strategy More Information
1 Citadel LLC IL $79.3B Convertibles View More Info
2 DE Shaw NY $55.8B Absolute Return View More Info
3 AQR Capital Management CT $55.5B Global Macro View More Info
4 Renaissance Technologies NY $52.6B Multi Strategy View More Info
5 Millennium Management NY $40B Fund of Funds View More Info
6 Adage Capital Management MA $36.9B
View More Info
7 Viking Global Investors CT $22.7B Global Macro View More Info
8 Icahn Capital NY $21.5B Event Driven View More Info
9 Two Sigma Investments NY $21B Commodities View More Info
10 Lone Pine Capital CT $20.1B Long/Short View More Info
11 Balyasny Asset Management NY $16.8B Multi Strategy View More Info
12 Glenview Capital Management NY $13.7B Multi Strategy View More Info
13 Pentwater Capital Management IL $13.6B Global Equity View More Info
14 Paulson & Co. NY $13.5B Multi Strategy View More Info
15 Point72 Asset Management CT $13B
View More Info
16 Yacktman Asset Management TX $12.8B Value View More Info
17 Select Equity NY $11.9B Equity View More Info
18 Iridian Asset Management CT $11.7B Global Macro View More Info
19 Gateway Investment Advisers OH $11.5B Fixed Income View More Info
20 Third Point LLC NY $10.9B Event Driven View More Info
21 Highfields Capital Management MA $10.7B
View More Info
22 Farallon Capital Management CA  $10.5B Multi Strategy View More Info
23 Trian Fund Management LP NY $10.4B
View More Info
24 Alyeska Investment Group IL $10.2B Managed Futures View More Info
25 ValueAct Capital CA $10B Long/Short View More Info
26 Elliott Management NY $9.5B Global Equity View More Info
27 Numeric Investors MA $9.5B Long/Short View More Info
28 HBK Capital Management TX $9.2B Multi Strategy View More Info
29 Pershing Square Capital Management NY $8.9B Value View More Info
30 Carlson Alternative Advisors TX $8.3B Private Equity View More Info
31 Coatue Management NY $8B
View More Info
32 Bridgewater Associates CT $7.9B Long/Short View More Info
33 Kayne Anderson Capital Advisors CA $7.2B Private Equity View More Info
34 Baupost Group MA $6.9B Global Equity View More Info
35 Brandes Investment Partners CA $6.9B Global Equity View More Info
36 Discovery Capital Management CT $6.9B Equity View More Info
37 Tiger Global Management LLC NY $6.9B
View More Info
38 Maverick Capital TX $6.3B Global Macro View More Info
39 Par Capital Management MA $6.24B Global Macro View More Info
40 Advent Capital Management NY  $6.2B Fund of Funds View More Info
41 Highbridge Capital Management NY $6B Convertibles View More Info
42 Greenlight Capital NY $5.9B Long/Short View More Info
43 Visium Asset Management NY $5.9B Mid-Atlantic View More Info
44 Cantillon Capital Management NY $5.7B Multi Strategy View More Info
45 Eminence Capital NY $5.7B Activist View More Info
46 Levin Capital Strategies NY $5.5B
View More Info
47 Scopia Capital NY $5.4B Long/Short View More Info
48 Chartwell Investment Partners PA $5.3B Global Equity View More Info
49 Jana Partners NY $5.3B Activist View More Info
50 Kensico Capital Management CT $5B Multi Strategy View More Info
51 Alkeon Capital Management NY $4.8B
View More Info
52 Samlyn Capital NY $4.7B
View More Info
53 Lyrical-Antheus Management, L.P. NJ $4.6B Real Estate View More Info
54 York Capital Management NY $4.6B Event Driven View More Info
55 Bluemountain Capital Management NY $4.5B Global Macro View More Info
56 Arrowpoint Partners CO $4.1B
View More Info
57 GMT Capital NY $4.1B Long/Short View More Info
58 Energy Income Partners CT $3.8B Energy View More Info
59 Omega Advisors NY $3.7B Global Macro View More Info
60 International Value Investors NY $3.5B Global Macro View More Info
61 Salient Advisors TX $3.5B Fund of Funds View More Info
62 Palisade Capital NJ $3B Global Macro View More Info
63 Ivory Investment Management CA $2.9B Value View More Info
64 Fir Tree Partners NY $2.6B
View More Info
65 Huber Capital Management CA $2.5B Global Equity View More Info
66 Zazove Associates IL $2.2B Convertibles View More Info
67 Luxor Capital Group NY $2B
View More Info
68 PDT Partners NY $1.6B
View More Info
69 3G Capital Partners NY $1.5B Value View More Info
70 Altimeter Capital MA $1.5B
View More Info
71 Snyder Capital Management CA $1.5B
View More Info
72 Cadence Capital Management MA $1.4B Directional View More Info
73 Copper Rock Capital Partners MA $1.2B Global Macro View More Info
74 Shenkman Capital Management NY $1.1B Convertibles View More Info
75 Abrams Bison Investments MD $1B
View More Info

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