Five Considerations for US Advisers Contemplating Registration in the UK

Abstract

With the continuously increasing globalization of US corporations, it is to be expected that the US investment industry would not be far behind. Based on a recent review of 51 top hedge fund managers, 29% of the US domiciled advisers reported being registered with at least one foreign regulatory body. The Financial Services Authority of the United Kingdom (“FSA”), appears to be the overseas location of choice, with 80% of the foreign registered US advisers and six of the ten largest being Authorized under the FSA.