Hedge Fund Growth in London

We read an article this morning highlighting that hedge funds managed out of London grew 18% in 2005 to USD 225 billion. This growth is slower than the previous two years. Assets for hedge funds managed in London grew 50% to USD 190 billion in 2004 and 2003 saw a 95% increase to USD 119 billion. One magazine states that their offices are more likely to look like high-tech trading war rooms than examples of excess.