Monday, 15 September 2014
Last updated 2 days ago
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.
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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