Wed, Aug 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Still no exodus of British hedge fund managers in sight

Tuesday, January 12, 2010

From the Opalesque team:

Still no exodus of British hedge fund managers in sight, claimed Swiss daily paper Le Temps yesterday.

Only a handful so far have made a move, among them, Bluegold, CQS Asset Management, Tiresias Capital in collaboration with Omni Partners, and the American fund firm Arrowhawk Capital Partners. According the Swiss Funds Association, between 10 and 20 hedge funds from various origins have come to settle in the last 24 months.

Most have opened a satellite office with 2 or 3 people – sometimes a few more – usually including a marketer who is in charge of relations with investors, a lot of them being based in Switzerland.

However, neither of the large fund houses BlueCrest Capital Management or Brevan Howard has yet opened the Swiss office they said they would open. Both said they planned to move around 20% of their staff to Geneva.

Others, such as Emergent Asset Management and Odey Asset Management, have looked into moving but have not reached a decision, apparently. They are two of many to do this. Palladio Alternative Research in Geneva confirmed that the biggest hedge fund houses are indeed the ones who make enquiries. A company in Lausanne, which has received 30 enquiries, said there is also marked interest from smaller independent funds.

April will determine whether the tax increase will spur hedge funds to move out of the UK, the paper concludes.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius