US firms lead the UK in hedge funds

The Times – LONDON’S hedge fund managers dominate headlines with flashy parties and bumper bonuses, but when compared with their transatlantic cousins they remain minnows.

DE Shaw, a secretive operation based in New York City, has topped a list of the world’s 20 biggest hedge fund managers with assets of $19.3 billion (£11 billion).

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Only three in the list — compiled by Hedge Fund Research and Bloomberg Markets magazine — are British.

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