Hedge Funds See Short-term Benefit

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    In the wake of Britain’s vote to leave the European Union, fund managers do not expect their performance or investment decisions to be impacted by Brexit, but hedge fund managers anticipate being able to benefit in the short term as they capitalize on market volatility, says a survey from Preqin. The largest proportions of investors are taking a cautious approach, with more than a quarter of investors overall expecting to invest less in the UK in the wake of the result.