London still top destination for future hedgies

 
Billy Bambrough
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London is still the firm favourite for hedge funds in Europe
London is still the firm favourite for hedge funds in Europe (Source: Getty)

London is set to remain a hedge fund hotspot in coming years after 21 of 50 up-and-coming hedge fund managers in Europe were found to be based in the UK capital.

The research – from the Hedge Fund Journal (HFJ) in partnership with accountancy giant EY – features fresh names in the sector, most of whom have “cut their teeth” at the bulge bracket hedge funds, though also identified rising stars from endowments, pension funds, and family offices.

The number of new fund launches overall was found to be down from the HFJ’s last report in 2014, thought it suggests numbers could pick up if Donald Trump’s administration follows through with promises to roll back regulation on US banks.

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