Hedge Funds

UK still a major finance hub for hedge funds despite sector headwinds

Globally, 64 hedge funds each have at least $10bn in assets under management and together manage $1.75tn

Regulations are tightening across the UK as the FCA boss Nikhil Rathi announced a collaboration with overseas authorities in December to look at leverage hedge funds
Regulations are tightening across the UK as the FCA boss Nikhil Rathi announced a collaboration with overseas authorities in December to look at leverage hedge funds Photo: Vuk Valcic/Getty Images

The UK continues to be a dominant financial centre in the global hedge fund landscape outside the US, despite tightening regulations and diminishing returns.

London and Channel Islands-headquartered large hedge funds are managing $315bn in assets — 18% of the total ($1.75tn) managed by hedge funds with $10bn or more in assets.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger