Saturday, 20 September 2014
Last updated 12 hours ago
Apr 19 2012 | 10:37am ET
Mayfair remains the place to be for hedge funds in London. The thing is, fewer and fewer of them actually are.
The swanky neighborhoods of Mayfair and St. James's, home to almost 70% of central London's hedge funds five years ago, now count only half of them, Cushman and Wakefield says. Many hedge funds, especially smaller ones, are increasingly looking somewhat farther afield to—slightly—cheaper neighborhoods adjacent to the traditional hedge fund heartland, Knightsbridge, Marylebone and Soho, the Financial Times reports.
"Investors don't want to see hedge funds—particularly smaller ones—spending their money on swanky offices," Cushman's Henry Peto tells the FT. Mayfair and St. James's boast the second-highest office rents in the world, after Hong Kong.
Still, the search for deals on digs has only gone so far, Peto says.
"No one really wants to be more than two or three minutes away from Mayfair. When investors come into town for 24 or 48 hours, hedge funds want to be close to where they will be."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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