quite defensively positioned going into the Brexit vote

I think people were really unsure about what the result was going to be

and so a lot of hedge funds basically took all risks off the table

and really didn't really express any real view on either way the result could go

I think since the result has come out

there has really been a sharp derating of the prospects

of British economy and the value of the pound against the dollar in the eyes of a lot of hedge funds and other trading houses

I think that what we've seen is that a lot of people are now thinking forward to where this crisis might lead

and looking at the current political unrest or at least political uncertainty inside Westminster in the UK

have started to really think about how long this crisis could go on for

I think the position of being negative on the outlook of British economy in the coming months

is actually something now of a consensus between most hedge funds managers

I think a lot of people are expressing that view in some way or another

The actual debate going on is what impact Britain's vote

to leave European Union is going to have on the Euro zone

and how could this crisis, which at the moment is relatively contained

relatively focused on Britain and British-exposed stocks and the pound

how is this going to spread into Europe?

Is it going spread into Europe and are we going to see

a re-emergence of doubts over the integrity of the European Union and the Eurozone, and the European debt crisis