NEW YORK Hedge funds and money managers raised their bullish positions in COMEX gold and silver contracts to record highs in the week to June 21, days ahead of the surprise "Brexit" vote by Britain to leave the European Union, U.S. government data showed on Friday.
NEW YORK/BOSTON UK voters' surprise decision to leave the European Union roiled markets on Friday, but hedge funds appear to have avoided crippling losses, according to market data and people familiar with fund performance.
LONDON Seventy-nine percent of a total of 270 Europe-based hedge fund managers surveyed in early June believe Britain will remain in the European Union, according to a survey by alternative assets research firm Preqin released on Thursday.
LONDON Tension emanating from Britain's Brexit debate has reopened a fault line between the haves and have-nots in the euro zone bond market in an echo of the debt crisis that threatened to tear the bloc apart.
LONDON Strategists at Deutsche Bank and JP Morgan backed staying "overweight" on UK equities on Monday, even as fears over Britain's vote next week on its membership of the European Union intensified volatility across world markets.
LONDON Outspoken Scottish hedge fund manager Hugh Hendry says he is investing in residential German property as it can survive any "vial of poison" the market throws at it, and will gain whether Britain leaves or stays in the European Union.
LONDON Blocks to selling mutual and hedge funds across the European Union will be "flushed out" to feed more savings into economic growth, the bloc's financial services chief said on Thursday.
LONDON The world's biggest hedge funds lost market share to smaller rivals over the last year as a result of underperformance, data tracker Preqin said on Friday.
LONDON Hedge funds appear to have spotted an opportunity in the European Central Bank's bond-buying scheme and are snapping up long-dated debt in anticipation of profits from selling it back to the central bank later.
LONDON Activist hedge fund TCI, which has called for rapid reforms at Volkswagen, said the German carmaker and its Porsche unit were the biggest drags on the fund's flat first quarter performance, according to an investor letter.
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