UK fund management advantages
- Highly sophisticated and innovative management styles, techniques and strategies;
- Skilled labour force, high quality professional and support services;
- Wide-ranging client base: private and institutional, UK and overseas.
Source: IFSL
By David Brem, OurWorld Editor
The value of assets invested in UK-managed funds has increased for the third year running, up 7 per cent to £3,450 billion to the end of 2005.
The results come courtesy of research and publishing group International Financial Services London (IFSL) in their ‘Fund Management’ report.
Alternative funds growing fastest
The value of assets invested in City hedge funds increased by more than 25 per cent to £370 billion.
“The main driver behind the increase was the growing popularity of alternative funds,” said Marko Maslakovich, senior economist at IFSL.
“It has increased significantly in recent years and London is the top centre in Europe for hedge funds,” he said.
IFSL also found that funds in the UK managed on behalf of overseas clients totalled around £760bn in 2005 – almost a quarter of the UK total.
Leading market in Europe
The UK is the world’s third largest market for fund management after the US and Japan.
It is by far the biggest centre in Europe.
Read further coverage on The Times website.
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