Luxembourg to boom as hedge funds move onshore
(Reuters): Luxembourg could draw hedge funds in their droves as European investors retreat from offshore vehicles and seek to rein in liquidity and counterparty risk in the post-Madoff, post-Lehman environment. To meet investor demand, managers in Europe’s $300 billion hedge fund industry are eyeing Luxembourg listings for eligible funds. even though tough new European Union proposals to only allow EU-registered funds to be sold may be watered down after fierce opposition from the United Kingdom and others. The Cayman Islands, home to some 80 percent of the world’s around 10,000 hedge funds, could be one major loser.
Category: Business
