FCA: Biggest Hedge Funds Run 80% Of Assets In U.K.

Mar 24 2014 | 2:08pm ET

The U.K.’s 20 largest hedge funds manage more than four out of every five pounds invested with the industry in the country, according to a new report.

The Financial Conduct Authority said that the top 20 firms control 82% of Britain’s hedge-fund assets under management. The regulator said the figure demonstrates the need for more oversight of the industry, in which London is the second-largest center, after New York.

“With nearly 20% of global assets under management here, it is important that people have confidence in how we regulate this market,” the FCA’s Clive Adamson said. “The challenge from us to the industry is to ensure that it operates to the highest standards of integrity.”

The FCA said its report is based on data from 49 firms and 106 funds. All told, 450 hedge funds are registered with the regulator.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.