Billionaire Brexit donor Michael Hintze has told investors in his CQS hedge fund that “Brexit uncertainty” will bring “opportunities” in the year ahead.
He made the remarks in his hedge fund’s look ahead to 2019, saying “Brexit uncertainty has already hit a number of sectors and there will be further opportunities in consumer discretionary, advertising and media, real estate and oil & gas.”
He added that “there will be more casualties as most companies have US dollar and Euro supply chains. While in some cases hedging programmes have mitigated currency weakness, over the coming year we believe there will be opportunities at lower levels.”
Australian financier Hintze donated £200,000 to the Vote Leave campaign, has given £100,000 Lord Lawson’s “climate science denying Global Warming Policy Foundation” and is a trustee of free market think tank the Institute for Economic Affairs. His £4 million in donations to the Tories have allowed him to attend lavish dinners attended by Theresa May and other Cabinet ministers.
Britain might not be better off after Brexit, but Hintze certainly hopes to be.