Thread by @fascinatorfun

Having “invested” £800k in the Leave campaign’s to reap a 275% profit from shorting the £, Odey has taken out £299m in “short” positions on 16 UK listed firms —

Just £10k donation to Johnson

Wace has followed suit taken “short” positions on 47 companies worth £1.14bn.

https://twitter.com/seanjonesqc/status/1157869058781515776

2/
Odey has increased its “short” position on 6 of them since May announced her resignation in May.
On the day Johnson was elected leader of the Tory party, Odey’s firm increased its “short” position in Metro Bank.

It currently has a £17.6m bet against the company.

3/. Odey had a financial interest as a member of Rees-Mogg’s Somerset Capital until just before the referendum (March 2016, indeed JRM had worked for him, regarding Odey as a mentor.

Wace, meanwhile, like JRM, has set up offices in Dublin.

4/. Wace, who put £100k into Leave, has taken “short” positions on 47 companies worth £1.14bn, including the outsourcing giant Kier Group, the budget airline easyJet and Severn Trent.

Severn Trent is my water company. This does not encourage me.

5/. Crispin Odey and his wife, fellow fund manager Nichola Pease, have been dubbed the “Posh and Becks” of the City — a nickname that he is rumoured to hate.

Educated at Harrow and Christ Church, Oxford, Odey founded his eponymous asset management firm in 1991.

6/. A reminder of the part some others played and a link to the @Brexit short video of Bloomberg explaining the part polling companies played with investors in shorting the £ on referendum day.

If you haven’t watched it you should.

https://twitter.com/fascinatorfun/status/1151551149398482944?s=21

4/ Correction. It is Philip Marshall Of Marshal Wace that is said to have backed Leave

Wace in fact gave money to Remain

Thanks @john_whitamore for the correction & reminder.