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

Prominent Hedgie Renee Haugerud Embroiled in Ugly Child Custody Battle

Sep 10 2014 | 2:43pm ET

A high-profile hedge fund manager is caught up in a nasty child custody battle in...

Lifestyle

Full House’s Stamos To Play TV Hedge-Fund Manager

Sep 5 2014 | 4:43am ET

The life of a Connecticut hedge-fund billionaire is coming to the small screen.

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.