Sat, Jul 22, 2017
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. Little-known cryptocurrency hedge fund seeks $200m in SEC filing[more]

    From Coindesk.com: A little-known, newly established hedge fund is seeking to raise $200m to invest in cryptocurrencies, according to regulatory filings. The bid by Cryptocurrency Fund LP to raise the money was revealed in a Form D submission to the US Securities and Exchange Commission (SEC), dated

  2. FinTech - Bitcoin hedge fund director: ICOs are having a 'eureka' moment, Big data and analytics: Not just for quants anymore, Data breach of a single firm impacts systematic risk (and cost of capital) for the firm's entire sector[more]

    Bitcoin hedge fund director: ICOs are having a 'eureka' moment From Coindesk.com: The director of one of the first bitcoin hedge funds offered praise for initial coin offerings (ICOs) today, arguing in an investor note that the novel fundraising method is already showing signs of

  3. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  4. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  5. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass