Two of Europe’s best-known hedge fund managers – CQS and Systematica Investments – are moving out of the industry’s traditional stamping ground, underlining how the industry’s top players are being forced out of Belgravia and Mayfair.

Both funds are based in 33 Grosvenor Place, a 198,000-square foot, six-storey building with views of Buckingham Palace, and are looking at offices in other areas after they were told to leave because the entire block is being leased by US healthcare chain Cleveland Clinic.​