The growing number and influence of activist hedge funds has prompted the U.K.’s Financial Services Authority to increase the number of HF managers it is monitoring. The U.K. regulator at its semiannual meeting with the largest hedge funds in London, according to The Telegraph, has resulted in reportedly six additional so-called “high impact” managers to the stable of funds it is monitoring after determining the activist newbies, like the existing ones, pose a risk to the markets. The FSA would not disclose which hedge funds it had been managing or which ones have been added to the roster, but industry watchers say each of the top 31 have at least $1 billion AUM and account for half of Europe’s $325 billion in hedge funds. The FSA also has named a former hedge fund manager to its six-member relationship management team, but did not disclose that person’s identity.
