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UK hedge funds look to European watchdog to ease Brexit fears

Tuesday, July 12, 2016 - 05:50
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The European Securities and Markets Authority will recommend this month whether hedge funds based in some countries outside of the EU should be able to continue selling products within it.

London

The future of London as the hedge-fund capital of Europe, along with the £700 billion (S$1.23 trillion) of assets money managers control, may be determined by a market watchdog this month.

The Paris-based European Securities and Markets Authority (ESMA) will recommend this