Four-fifths of hedge fund managers think UK will remain

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.

©2016 funds europe

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