Will Brexit Create Market Trends, Impact Hedge Fund Performance?

Coming into the Brexit vote, hedge fund leadership as measured by the HSBC Hedge Weekly performance report was reasonably diversified. Energy players, Russian specialists, several value hedge funds and various commodity and a smattering of quant funds dominated the top 20. But will Brexit cause that list to dramatically change? Steinbrugge: Uncertainty has a cost, and this lack of clarity could play out as the EU struggles The answer to Brexit’s impact on hedge fund performance might be seen as early as next week, particularly as some of the shorter-term noncorrelated strategies feed on a positive market environment for their…