The majority of hedge fund managers believe that the UK will vote to remain in the EU, although there are differences regarding the impact of a potential Brexit.
A survey of 270 hedge fund managers conducted by information provider Preqin showed that 79% of managers in the UK and Europe believe that Britons will vote to stay in the EU, compared to just 14% who think they will opt to leave.
But European managers differ over the impact an EU exit would have, with 59% of UK-based firms believing that an exit would have a negative impact on the global hedge fund industry. In the rest of Europe, a smaller number of firms think that a Brexit would negatively impact their industry (35%).
Conversely, around twice as many European managers think a Brexit would favour the hedge fund industry compared to their UK-base counterparts, 31% and 17% respectively.
“The consensus globally is that Britons will choose to remain part of the EU; and within the UK nearly 80% of fund managers believe that the ‘Remain’ camp will win out,” said Amy Bensted, head of hedge fund products at Preqin.
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