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In the week ending 24 June 2016, global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years. In Europe, UK asset managers are bracing for redemptions after the Brits voted out of the EU while hedge funds in the U.K. were divided over Brexit. In general, hedge funds shied away from big bets days before the Brexit polls; but some hedge fund managers are sending opportunities in Europe shock waves after the Brexit vote.

Other reports said some of the world’s biggest hedge funds and asset managers would be anticipating large trading opportunities in the immediate hours after the vote. Hedge fund bear Odey eyes 15 pct gains from post-Brexit ructions. Odey, who manages around $10.2 billion, said he had been around 70 percent invested in gold heading into the vote and was 100 percent net short on an adjusted basis across his portfolio.

George Soros has warned that the pound would slump more than 20% with Brexit; hedge fund managers who favour the Brexit are bitter about AIFMD; Privium Fund has predicted that Pan-European asset managers face new challenges with the Brexit vote; Paul Marshall and Ian Wace, co-founders of hedge fund Marshall Wac......................

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