Two hedge fund managers back Brexit

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More than 100 executives from Britain's financial services industry, including hedge fund managers Crispin Odey and Paul Marshall, have signed a letter backing Britain's withdrawal from the European Union, the main Brexit campaign group said on Friday.

Reuters reports that in a letter released by the Vote Leave group ahead of a June 23 referendum, the City bosses said getting out of the EU would help strengthen London's position as the only financial capital to rival New York.

The investors said that while membership had been good for Britain and London since 1973, it no longer made sense as the EU had failed to support innovation and was now tied to a euro zone which many signatories feared was doomed.

"There is scant evidence that the EU will foster or support the kind of innovation which is essential if Europeans are to compete with the rest of the world," the signatories said.

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Hedge fund managers Crispin Odey and Paul Marshall say Brexit would help London

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