London Is Favorite for Emerging Market Hedge Funds

Bloomberg- Hedge funds investing in emerging markets pick London as their domicile more often than any other location, the Financial Times reported, citing Hedge Fund Research of Chicago.

Thirty-one percent of such funds choose the U.K. capital, against 27 percent that prefer a U.S. headquarters; Hong Kong and Australia come next, with 6 percent and 5 percent, respectively, the newspaper said.

London-based funds include GLG Partners Inc.’s $5 billion Emerging Markets Fund and Sloane Robinson LLP’s $5 billion Emerging and Asia funds, the FT said.

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London Is Favorite for Emerging Market Hedge Funds

Bloomberg – Hedge funds investing in emerging markets pick London as their domicile more often than any other location, the Financial Times reported, citing Hedge Fund Research of Chicago.

Thirty-one percent of such funds choose the U.K. capital, against 27 percent that prefer a U.S. headquarters; Hong Kong and Australia come next, with 6 percent and 5 percent, respectively, the newspaper said.

London-based funds include GLG Partners Inc.’s $5 billion Emerging Markets Fund and Sloane Robinson LLP’s $5 billion Emerging and Asia funds, the FT said.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Uncategorized. Bookmark the permalink.

Comments are closed.