(Bloomberg) -- Hedge-fund managers based in London looked after six times more assets last year than they did in 2002 and have more than doubled their market share of assets in the same period, a survey said.
Assets overseen by firms including Marshall Wace, GLG Partners LP and CQS UK LLP last year jumped 40 percent from a year earlier to $360 billion. London accounted for 21 percent of the $1.5 trillion managed by hedge funds worldwide, according to a survey by International Financial Services London, an industry body, compared with 10 percent the previous year.
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