PDI Picks – 10/8/2018

The importance of explaining Brexit


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Brexit makes a majority of LPs nervous about European credit markets, according to a PDI survey.

Investors may have had almost two-and-a-half years to process and prepare for the UK’s departure from the EU, but that doesn’t mean they aren’t still wary of the end result, data from a PDI poll show.

At our annual PDI New York Forum, investors chose the event they most expect to cause volatility in the European credit market, and 58 percent said that a hard Brexit was the most likely catalyst.