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July 31, 2006
London Leads Europe Hedge Fund Market
It is well known that Europe has emerged as a strong competitor to the United States in terms of hedge fund operation. Hedge fund growth in Europe is spearheading by London. London has become a major center for hedge funds with the value of assets invested in City hedge funds grew by more than 25 per cent in 2005.
The UK is the world's third largest asset management center. The value of funds managed in the City shot up by 7 per cent to £3,450 billion in 2005. The rise was fuelled by the investors' growing interest in hedge fund activities. Do you think that London can leave major US cities behind in terms of hedge fund business? Only the time will tell.
Alternative investments, including hedge and property funds, accounted for about £374 billion, or 11 per cent, of the funds under management. This figure takes into account only retail investments in hedge funds, to avoid double counting of institutional assets.
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