Brexit Creates Uncertainty For US Fund Managers

What happens now? A week after the United Kingdom's historic referendum on June 23 resulted in a narrow vote to leave the European Union, market and currency instability continue while political leaders become less and less clear as to when (and even if) Brexit will actually occur, and what such a historic uncoupling might entail.

For U.S. alternative funds and fund managers, the only real certainty is that Britain's exit from the EU, commonly known as "Brexit," will drastically reshape the financial landscape in London, Europe and around the world.

Although George Osborne, the U.K.'s Chancellor of the Exchequer, has sought to assure markets and investors that the government was prepared to respond to Brexit's financial impact, significant doubts remain. The value of the pound dropped to levels it hasn't seen in decades and global markets plunged, wiping out trillions of dollars' worth of assets. Standard & Poor's stripped the U.K. of its triple-A credit