Alternative Market Briefing

Europe - Pfaeffikon woos London masters of the universe as taxes bite UK, European Union and currency are headed for collapse - Dennis Gartman, Portugal's Costa Pina sees no 'major difficulties' funding debt, Rating agencies not very useful, says PIMCO's Gross, Warsaw Stock Exchange permits short selling starting July 1

Thursday, May 06, 2010

Pfaeffikon woos London masters of the universe as taxes bite UK From Bloomberg.com: Beneath a crystal chandelier at London's Mandarin Oriental hotel, across the street from Harrods department store, more than 100 bankers, hedge fund managers and wealthy retirees are gathered on a cold March night to plot their escape from Britain. Swiss government officials and Geneva-based financial advisers have come to London to lure rich residents with glowing descriptions of the country's low taxes, safe streets, private-banking options and convenient ski weekends.

"We are here to make it easier for you to come to Switzerland," says Martin Meyer, head of economic development for the Swiss canton of Valais, which borders Lake Geneva, Bloomberg Markets reports in its June issue... Full article: Source

See our recent Opalesque Exclusive: Switzerland's 116 hedge fund offices - where are they based? How Pfaeffikon is catching up with Geneva, Zurich: Source

European Union and currency are headed for collapse - Dennis Gartman From CNBC.com: The current European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it, said Dennis Gartman, hedge fund manager and author of "The Gartman Letter."......................

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