(Bloomberg) The future of London as the hedge-fund capital of Europe, along with the 700 billion pounds ($906 billion) of assets money managers control, may be determined by a market watchdog this month.
The Paris-based European Securities and Markets Authority will recommend this month whether hedge funds, private equity and real-estate funds based in some countries outside of the European Union should be able to continue selling products within the 28-nation bloc. The opinion will be closely scrutinized by London-based fund managers because it could become a template for when Britain exits the EU.
