New York has been the centre of the multi-manager model with pass-through fees and that won’t change, investors said.
London, the second largest hedge fund centre, has 171 hedge fund managers, compared to 911 in New York, a city which has accounted for roughly 85% of hedge funds consistently for the last five years, data from hedge fund research firm PivotalPath shows.
Other centres such as Dubai and Abu Dhabi are also emerging.
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