Hedge Funds: London is catching up, but still trails New York
Neil Wilson, editorial director at HedgeFund Intelligence explains why the Big Apple still holds some aces.
|The Global Billion Dollar Club|
|Where the managers are located|
|City||Number of $bln firms||Jan 2007 Assets $bln|
|Dallas / Fort Worth||8||29.70|
|Boca Raton, FL||3||7.24|
|* Firms with multiple headquarters counted once for each centre but with assets evenly split|
|Source: Absolute Return, EuroHedge, AsiaHedge and South AfricaHedge databases and surveys|
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.