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The Europe Hedge Fund 50

U.K. hedge funds are gaining on their U.S. cousins.

Historically, the hedge fund industry -has been U.S.-based. Of the $159 billion controlled by the top 25 hedge fund firms five years ago, $148 billion was run by U.S. managers. Today -seven of the world’s top 25 hedge fund firms are headquartered in London, controlling a total of $142 -billion. This

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