Big Bet on Orban’s Exit Came From Center of His Family’s Empire

An asset-management fund in the Equilor group of companies part-owned by Hungarian Prime Minister Viktor Orban’s son-in-law profited from financial-market bets on the strongman losing power.

Equilor Asset Management said it had amassed a “significant overweight” stance in government bonds and, right before Hungary’s election on April 12, in local stocks. The wagers paid off as the opposition Tisza party’s landslide victory extended a rally in the country’s assets.