[Tjfyojlg]

"Hedge Funds Fleeing London" ?

Isn't that similar to saying "Con Men on the Lam" ?

What good have hedge funds done for anyone that couldn't be done in a better and more honest way?

[royarnekara]

Maybe England, and othe nations caught by what the Hedge Funds have sewn, should not only make it difficult for them to EXIST in their countries, but also difficult to deal or trade with, or any extension thereof, FROM their country.

IOW, if XXX has share in the so-and-so Hedge fund as part of its capital vestments, that fund would not be legally traded on the London Stock Exchange.

The only thing I am worried about is that with these guys leaving, they will still be able to siphon off funds to support their trade practices from other nations less reluctant to have them as "tenants".


I hear Somalia is beautiful this time of year...

[Erawise]

Ninjahedge and Lofter raise good points.

[tropicana]

Its not like they dont do anything important in society, like doctors, or nurses or postmen or bakers or cupcake makers. Is it?

[Charryith]

Hedge funds arent the only ones fleeing.

What in Dickens is going on over there at the moment? Seriously, this is WWII the "Red Army is entering the Motherland, lets head West" scale migration.

Incredible.

[Lhtfajba]

Did you just recently move to Turtle Bay?

[Noilemaillilm]

It doesnt matter how many hedge funds are leaving London, what the hell are they going to do if 11 million people would like to leave?

I mean, its not 1900, they cant just pack up and go to the New World. If even half that number left, it would be amazing to see.....and the effect on the English Exchequer.

This documentary explains a lot, however. Perhaps some LimedNewYorkers here can tell us more.

[erelvenewmeva]

http://www.ft.com/cms/s/0/2f6b9c88-a...44feabdc0.html

[idertedype]

London Bankers Balk at EU Regulation as Lea Invokes Secession

http://bloomberg.com/apps/news?pid=2...d=aoK0x3qYrfCI

[fabrizioitwloch]

I think London or rather the UK and EU is doing the right thing. These companies need to be regulated and the wealthy need to be taxed more.

[Catalogov]

Regulation is happening worldwide and rightfully so. However, because casino culture was at its peak in London (e.g., the credit default swaps that nearly broke AIG emanated out of AIG financial's London office), it's ridiculous that London is afraid of being too over-regulated. Apparently, the City's traders did not learn a sufficient lesson from 2008's debacle and need the French and Germans to keep them in line.

[DzjwMKo5]

UK 'becomes top financial centre'
From BBC


The UK has overtaken the United States to be ranked as the World's leading financial centre, despite doubts about its economic stability.

The rankings, compiled by the World Economic Forum (WEF), put the UK top of the list of the 55 most financially- developed countries.

The US slipped from first to third place, behind the UK and Australia.

But in stability rankings, the UK and US were 37th and 38th, below Mexico and Panama and only just above Venezuela.

Norway, Switzerland, Hong Kong and Chile led the financial stability rankings, while Argentina, Kazakhstan and Ukraine were at the foot of the table.

'Trade-off'

The ranking system takes into account 120 variables, including the size and depth of capital markets.

While developed nations still lead the overall rankings, they have performed much worse than emerging countries, according to WEF chief operating officer Kevin Steinberg.

"This year they dropped so much that they don't have a lap of advantage in relation to emerging countries anymore," he said.

Growing financial instability was the main issue for developed countries in the past year, the report said, along with a lack of access to capital markets and banking services.

"Countries with more regulation in financial systems are more stable, but access to credit is much weaker," said RGE Global Monitor's Nouriel Roubini, a co-author of the study. "There is a trade-off."

The UK overtaking the US comes amid reports that several hedge funds are moving from London to New York because of less tough regulation.

[sigrekatonov]

... several hedge funds are moving from London to New York because of less tough regulation. Well, London ... congratulations on the arrival of fleeing hedgers.

Prepare to be ransacked.

[55TRATTERENRY]

UK 'becomes top financial centre'
From BBC


The UK has overtaken the United States to be ranked as the World's leading financial centre, despite doubts about its economic stability.....
The UK overtaking the US comes amid reports that several hedge funds are moving from London to New York because of less tough regulation.

I saw this on the Evening Standard's website, and it's absurd primarily because it's subjective. The absurdity also is corroborated by their picking Australia over the US. I guess Sydney is more important than NY.

The facts are illustrated by, among other things, the following graph from the FT. In fact, when one includes Greenwich, CT, the NY area's utter domination of the hedge fund industry is remarkable. Bear in mind, that I'm hardly a jingoist. My love of London could not be clearer.

[pissmanvd]

The UK's news is largely the BBC which is the British Government.... or Murdoch. What do you expect them to say?

[gamecasta]

I don't think the study is about size or amount of transaction or companies etc. It says financially developed. That is something different. It is also the whole country, not just specific cities. I was surprised to see Australia there also but saying that I know nothing about the country. I am surprised that Switzerland is among the most stable.

As for the hedge funds leaving, it remains to be seen how many leave but it hasn't been a crisis thus far. I'd rather the UK was more regulated than being No. 1. Quality over quantity anyday.

[adultcheee]

The UK's news is largely the BBC which is the British Government.... or Murdoch. What do you expect them to say?

The study wasn't by the BBC. Read the article. World Economic Forum.

[Feflyinvelf]

In addition to the foregoing, the World Economic Forum's report ranks countries not cities. Nevertheless, the intellectually challenged Evening Standard somehow extrapolates this to a city v. city comparison.

http://www.weforum.org/pdf/Financial...Report2009.pdf

[medifastwoman]

Alonzo: you are right... and thank you for pointing that out.

(damned Swiss)

[Dyslermergerb]

In addition to the foregoing, the World Economic Forum's report ranks countries not cities. Nevertheless, the intellectually challenged Evening Standard somehow extrapolates this to a city v. city comparison.

http://www.weforum.org/pdf/Financial...Report2009.pdf

LL, the Evening Standard is a joke of a paper. I wouldn't even read it never mind take it seriously.