Fri, Mar 23, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Brevan Howard may not like Geneva after all

Tuesday, May 29, 2012

Benedicte Gravrand, Opalesque Geneva: Since the UK declared it would increase the tax rates for personal income above GBP150,000 per year from 40% to 50%, starting in April 2010, several hedge funders in London publicly declared they might leave the country. So when Brevan Howard, the UK’s largest hedge fund firm, said in September 2009 that it planned to open an office in Switzerland, some took it as a sign of the beginning of a mass exodus.

By January 2010, there was still no exodus of British hedge fund managers in sight. Only a handful so far had made a move, among them, Bluegold, Amplitude, CQS Asset Management, Tiresias Capital in collaboration with Omni Partners. Between 10 and 20 hedge funds from various origins had come to settle in the last 24 months. Most opened a satellite office with a few people in them. Then, during the summer of 2010, Moore Capital opened an office in Zurich and Brevan Howard opened a small office in Geneva. The latter announced it would ......................

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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  3. Activist Investors - The seven most undervalued stocks in Larry Robbins' portfolio, Stamford hedge fund still seeking shakeup of Taubman board[more]

    The seven most undervalued stocks in Larry Robbins' portfolio From ...On February 14th, Larry Robbins' firm Glenview Capital Management filed its quarterly Form 13F regulatory filing. The firm's stock portfolio totals $18.5 billion with 58 positions according to the latest

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private