Tim Wilson claims he has sold out of his bet against the share market for ‘modest profit’

Shadow treasurer tells MPs he has cashed in the investment and donated the gains to an advocacy group for gay rights in IranGet our breaking news email, free app or daily news podcastTim Wilson has sold out of his “terrible” bet against the Australian share market, and claimed to have made a profit from the investment which the shadow treasurer said he would donated to an advocacy group for LGBT rights in Iran.Guardian Australia first reported on the investment, a leveraged product that profits when the benchmark ASX 200 falls, last year. It was viewed as an unusual investment for a politician given the product profits from market slumps, which is linked to the performance of the economy. Continue reading…