, Columnist
Brexit Gives Hedge Funds a Kafkaesque Nightmare
Funds can't prepare for life after Brexit until after it happens.
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With less than a year to go before Britain exits the European Union, the country's hedge funds find themselves facing a surreal scenario worthy of the novels of Franz Kafka.
The Alternative Investment Management Association, a London-based lobby group representing hedge funds and other non-traditional fund managers with more than $2 trillion of assets, published a study this week on the impact of Brexit on its members. The 22-page report, about 11,000 words long including chapter headings and footnotes, poses more than 130 questions.