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Hedge Funds Lease More Space in London’s West End as Rents Climb

Hedge funds agreed to lease out more than twice as much office space in London’s West End this year as in the whole of 2012 as firms including BlueBay Asset Management LLP and Elliot Management Corp. expanded, U.S. property broker Cushman & Wakefield Inc. said.

Hedge funds added 58,000 square feet (5,390 square meters) of space in the district, up from 25,000 square feet last year, Cushman & Wakefield said in a statement today. The amount of new space leased by private-equity firms was little changed at 45,000 square feet.