U.K. Hedge Fund Launches Double The Rate Of Mainland Europe Since 2012

The U.K. has witnessed 82 new hedge fund launches since 2012, as compared with 37 in the rest of Europe, according to Preqin’s recent report. Amy Bensted of Preqin, in a report dated May 7, 2014, said firms headquartered in the U.K. now account for $423 billion in hedge fund assets–more than 10 times the amount of assets managed in any single other European country. Prolific launches by UK hedge funds Preqin’s report indicates that 2013 was the most prolific year for hedge fund manager launches in the U.K. to date, with 38 new groups setting up business there over the course of…