Brexit: Why are Markets Relaxed but Equity Funds Scared?
EQT Partners AB, the biggest private equity fund in the Nordic region, says it’s steering clear of Britain as the country prepares to hold a vote on its European Union membership. The threat of a so-called Brexit is already prompting some companies to shelve initial public offerings that would have targeted London. Both the International Monetary Fund and the Organization for Economic Cooperation and Development have warned Britain against leaving the EU amid concern an exit would cause financial shocks beyond the U.K. Carmignac Investment Committee Member Jean Medecin discusses referendum risks with "On the Move" host Guy Johnson.
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Tony Blair Sees Hard-Left Government Risk in Brexit
20:18 - Former U.K. Prime Minister Tony Blair discusses Brexit comments from U.K. Foreign Secretary Boris Johnson and the political risks he sees from Brexit. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)