Hedge Fund Sibilla ‘Truly Scared’ as Catastrophic Risks Rise

  • After "dust settles," New York firm will short U.S. equities
  • Underlying weakness in global economy could lead to recession

Hedge fund firm Sibilla Capital Management said it is "truly scared" that the U.K.’s extraordinary vote last week to exit the European Union could spur a global recession and increase the risks of a credit crisis in the next two or three years.

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