Sun, Sep 24, 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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N