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Time for hedge funds to move off Mayfair

Expensive rents are becoming more difficult to justify amid faltering returns and greater scrutiny on costs

Time for hedge funds to move off Mayfair
Photo: iStockphoto

One of my daughter’s favourite pastimes is playing Monopoly, the decades-old property board game in which you crush your opponent by driving them into bankruptcy. She is six and is frighteningly good at it.

Her tactic is simple: she bides her time and pays whatever it takes to acquire Park Lane and Mayfair - two of London’s premier addresses. She then builds houses, sits back and collects large sums of money in rent.

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