‘Brexit is not a Lehman moment’ analysis risks missing the point
A number of commentators have sought to reassure investors that the events of last week were not ‘a Lehman moment’.
Analysis
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Don’t underestimate the size of the passporting problem
Hogan Lovells says the solution to the post-Brexit passporting problem is not as simple as setting up a brass plaque company inside the EU.
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Large Remain bets wrong-footed bookies, and investors
Last week Expert Investor suggested that the bookmakers’ odds strongly favouring a British vote to stay in the EU were not as reliable as many fund managers thought. And right we were…
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EU leadership calls on UK government to trigger Leave clause
In a joint statement on Friday, the EU leadership urged the UK to start departure procedures immediately as “any delay would unnecessarily prolong uncertainty”.
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Brexit preparations – to hedge or not to hedge?
Worries about the consequences of Brexit have prompted many fund buyers to increase their allocation to cash and hedge their long positions. However, some put some risk back on at the end of last week as polls swinged back towards ‘Remain’.
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Investors need to choose a path then hold their nerve on Friday
Everything is pointing towards a wild day in financial markets this Friday with asset prices shifting dramatically whatever the outcome of the referendum.
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Brexit betting odds: are they reliable?
Betting odds have emerged as a coveted predictor of the outcome of the UK’s EU referendum. But are they actually as reliable as some fund managers suggest? Nikko AM has its doubts.
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UK stocks to be hit most by Brexit, stress test shows
UK equities are the most vulnerable asset class in the immediate aftermath of a Brexit, a stress test conducted by the risk modelling provider Axioma showed.
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Consolidation set to move up asset management agenda
Further asset management consolidation is on the horizon but the line between predator and prey is increasingly blurred Numis said in a note on Friday.
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Investors in wait-and-see mode as data give few hints
Financial markets have lacked direction in recent months, with the main equity indices all very close to where they were at the start of the year. Macroeconomic data are not strong enough to reinvigorate the bull market, yet not sufficiently weak to stoke fears of recession.
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Commonwealth business leaders urge UK to avoid Brexit
The UK is more attractive to invest in if it remains in the EU, according to Commonwealth business leaders.
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Fund manager window dressing is increasing – Cerulli
The problem of managers “dressing up” track records of their funds has been getting worse, not better. This is the conclusion of asset management consultancy Cerulli after talking to a bunch of fund consultants in Europe.