London

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New York keeps top spot in GFCI 25

New York has retained its first place in the 25th Global Financial Centres Index (GFCI 25), just seven points ahead of London.

$1bn hedge fund club continues to dominate industry as investors

As hedge fund performance picked up in 2017, net inflows rose to $3. 61tn assets under management (AUM) by the end of March 2018. Assets managed by firms with at least $1bn in AUM surged over the past year, according to Preqin data.

Established financial centres are favoured

There is an overall increase in confidence for the leading financial centres. Signs of a bias towards stronger and more established centres are revealed in the latest Global Financial Centres Index (GFCI 23).

Investors into Billion Dollar Club increase as fewer hedge funds control the majority of AUM

More investors have entered Preqin’s Billion Dollar Club. Investors allocating $1bn or more to the industry increased by eight in the 12 months to June 2017.

Europe’s real estate sector entering more moderate return growth phase

While European real estate has provided exceptionally high levels of return over the past few years, there are signs the market as a whole is moving to moderate.

London holds onto top financial centre ranking but Brexit could push it down in 2017

London, New York, Singapore and Hong Kong remain the four leading global financial centres, according to the latest Z/Yen Group report.