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Hedge-fund billionaires bet on London again

Rebound is driving up demand for office space in Mayfair and other districts where hedge funds congregate

London lost ground with hedge fund investors earlier this decade as taxes rose on the highest earners and amid Europe's debt crisis. Now managers say trading opportunities are multiplying.


THE city's fund industry is bouncing back, and US billionaires Steven Cohen and Ken Griffin are grabbing a piece of the action.

Griffin's Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the US...