The Corporation of London, one of the largest owners of property in the City of London, has told property developers to anticipate four-fold growth in the hedge fund industry over the next decade. It said they would need small, top-quality and discreet offices.

An independent report written for the corporation by Radley & Associates, a consultant, said assets under hedge fund management could grow by more than 400% and that London was likely to keep the lion's share of European hedge fund business.