Hedgies gear up as leverage lifts

Michael Bow
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HEDGE fund leverage has soared over the past 12 months, according to new data from the Financial Conduct Authority.

According to an anonymous poll of London-based hedge funds, leverage has risen from 54 times in March 2013 to 64 times the size of net fund asset values.

The study also showed that the UK’s 20 largest hedge funds controlled 82 per cent of the total assets under management.