No “Big Short” Yet for Hedge Funds on Brexit

(Reuters) Hedge funds…have yet to make major bets on Britain leaving the European Union because few expect it to happen and most doubt a big payout from market moves around the June vote. Asset managers and hedge fund desks at major banks contacted by Reuters said “tail risk” funds which bet on major financial events such as the euro zone’s debt crisis or the global credit crash think the risk of a pound meltdown is just too small….

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