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.