BUSINESS
01/22/2011 05:12 am ET | Updated May 25, 2011

Financial Sector Investors Are Coming Back To London, Despite Tax

Speculation has swirled in recent months about a looming exodus from the City to less regulated business districts in Switzerland and Asia, particularly among the lucrative, highly mobile hedge fund industry.

The IMAS data, however, reveal that since January 2008, 15 Swiss-owned entities -- mostly hedge fund managers -- have been authorized in the UK by the FSA.

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