Esma warns of UK-sized hole in Europe’s fund leverage radar
Executive at hedge fund AQR also urges reform of EU leverage measures to better assess risk
Steffen Kern, head of risk analysis at the European Securities and Markets Authority, warns of a €266 billion gap in the European Union’s surveillance of hedge funds once the UK exits its place in the EU single market on December 31, 2020.
“Brexit will take out from our observable funds 80% of the hedge fund market in the European Union,” said Kern, during a virtual conference held on November 25
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