A steady stream of stories in recent weeks indicates that London looks to be mounting an ever-stronger challenge to New York’s traditionally dominant position as the leading centre of global hedge funds. From small beginnings only a few years ago, the growth of assets of London-based firms has indeed been impressive. And the outlook for managers based in the UK continues to look quite positive, notwithstanding some lingering concerns about the tax system – which is raising the prospect of more serious competition from other European centres, such as Switzerland....
