An article published by BoardIQ on Dec. 18 titled “Uncertainty Looming Large as Boards Brace for Brexit” discusses how uncertainty looms as mutual fund boards prepare for Brexit. Insights from investment management partner Brian McCabe are included in the piece. Directors may not need to worry too much about Brexit-related market risk, Mr. McCabe states in the piece. “Presumably, the markets for U.K. and European securities are already pricing in some Brexit risk,” he says, “and how a fund adviser wants to position the fund to take advantage of the risks and rewards associated with such securities is ultimately a portfolio management decision.”
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