Nearly two-thirds of asset management firms planning for a hard Brexit

Liquidnet has conducted a study showing that 59% of investment management firms are now working towards a hard Brexit rather than waiting for potential political solutions which have no guarantee of emerging.

Liquidnet spoke to 29 asset managers and hedge funds which collectively manage $14.1tn of assets.  While 83% of these firms have a theoretical plan in place to respond to Brexit, only 49% of them have put their plan into action.

With Brexit day fast approaching, the advice for investment firms with clients or brokers in Europe is that they must take action now as the risk of not being able to trade and transact is too great.

Rebecca Healey, Head of EMEA Market Structure and Strategy at Liquidnet, is author of the study.

Click the link to see the key points of the survey Brexit Key Points 20.08.18