LONDON'S SHARE of global hedge fund assets has more than doubled over the past five years, underlining the capital's claim to be a financial centre that is challenging New York, reports the Guardian .
Between 2002 and 2006, London's share increased from 10% to 21% of the global assets under management. It has significantly narrowed the gap on New York, which has fallen from a 45%-share to a 36%-share over the same period. California has the next largest concentration of hedge fund managers in the US, managing 15% of global assets. POOR AMERICANS struggling to keep up their mortgage payments will be offered new loans with more relaxed rules, in an effort to head off a wave of repossessions, reports the Independent. The government-backed companies charged with keeping the US mortgage m...
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