Hedge funds are profiting off Donald Trump blunders according to Bloomberg’s weekly hedge fund newsletter.
According to Bloomberg Briefs the Hedge Fund edition, hedge funds have profited off Donald Trump’s sliding popularity in the polls by betting on Mexico. As Trump’s campaign gathered momentum during September, the value of the Mexican peso against the US dollar plunged.
Sensing opportunity a group of hedge funds began to buy into Mexico, and as Trump’s popularity has dwindled over the past few weeks, these funds have profited as the value of Mexican assets rise. The value of the peso is by more than 5% since touching a record low in the lead-up to the first presidential debate late last month.
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