Hedge Funds Rent a Lifeline to Stay Afloat in EU Post-Brexit
- With Brexit threatening to lock some U.K. hedge funds out of Europe, a cottage industry is growing to help keep the door open. Call it the rental business for hedge-fund management. Small hedge funds are turning to firms in the European Union that can handle a lot of their back-office operations such as risk management and compliance, enabling them to meet regulators’ conditions to do business there. They’re leaving the job of picking stocks and bonds with traders back in London. Battered by volatile markets, fleeing investors and ...
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