UK hedge fund management companies are being formed at the fastest rate since the financial crisis. More were launched in the third quarter of this year than in any other quarter since before Lehman Brothers collapsed in September 2008.

Twenty-five new hedge fund firms registered with the UK's Financial Services Authority in the three months to the end of September, bringing the total so far this year to 62, already topping the 60 that registered during the whole of last year, according to corporate finance firm Imas Corporate Advisors.