Bankers and hedge fund managers vote down London

| 01/05/2011

( The UK is a less attractive place to work than other financial centres, according to investment bankers and hedge fund managers. Nearly half of hedge fund managers (47 per cent) and 45 per cent of bankers said employment conditions and prospects were worse than in other jurisdictions, according to a survey of the more than9,000 members of the CFA Society of the UK. Will Goodhart, chief executive of CFA UK, attributed the negative view to “tax burdens and increasing regulation”. “The banking sector and some hedge funds [in the UK] believe they are under more government regulation and scrutiny than asset managers,” said Goodhart.

Fewer than a quarter of respondents thought employment conditions were better than elsewhere.

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