Mon, Nov 30, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November