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Article: Where the hedge funds hide; Financial services.(Where the hedge funds are)
- Article from:
- The Economist (US)
- Article date:
- April 19, 2003
CopyrightCOPYRIGHT 2003 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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How St James's became an international financial centre
TIME was when St James's, in London's West End, had a reputation altogether more louche than the staid one it now enjoys. In the early 19th century it was notorious for prostitution and gambling. Over the years bordellos and gambling dens were replaced by expensive clothes shops, art galleries, and, among other icons of respectability, the London Library, the Institute of Directors and The Economist. These days the pleasures of St James's are a bit more restrained: overpriced restaurants and gentlemen's clubs of the port-and-cigars rather than women-taking-clothes-off variety (though Mayfair, to the north of ...