Hedge fund execs support Boris Johnson as next PM - reports

Result of Tory leadership bid comes 23 July

Boris Johnson and Jeremy Hunt have received the financial backing of executives from hedge funds and traditional investment groups with the next UK Prime Minister set to be selected by 160,000 Conservative Party members this week.

Johnson has received the lion's share of donations in his bid for leadership, the result of which is set to be announced on 23 July, with several backers having been financial supporters of the 2016 referendum's Leave campaign, according to the FT. Brexit Blog: Conservative MPs prepare for snap autumn election The donations, which are primarily from hedge fund managers, come despite past remarks from Johnson who reportedly said "f*** business" in response to questions on the post Brexit future for UK companies. Partner at metals hedge fund RK Capital David Lilley, who previ...