With a net worth of $20 billion and degrees from MIT and UC Berkeley, mathematician and Renaissance Technologies founder Jim Simons is often dubbed the “world’s smartest billionaire.” The quantitative investor got his start trading commodities while working on his PhD at Berkeley and after two decades working in mathematics, launched his hedge fund in […]

Paul Sedgwick, chief investment officer at Frank Investments, says that we ‘could see the pound recover’. He explains that, with the weakness in sterling, he would have expected the FTSE 100 to have performed better than it has done this year.

It would seem that the days of the mighty dollar may no longer be so mighty. Instead, it is the British pound that is the latest flavour of the day.