Thu, Jul 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Paris suffers from inaccurate perception and high tax, but fund managers can thrive

Wednesday, July 24, 2013

Komfie Manalo, Opalesque Asia:

Paris is suffering from inaccurate public and investor’s perception and the problem is compounded by a rigid and costly labor framework, and high tax burden, said Jean-François Comte, a Founding Partner of Paris-based asset management firm Lutetia Capital, an independent asset manager based in Paris in the latest Opalesque 2013 France Roundtable.

The Opalesque 2013 France Roundtable was sponsored by Lyxor and Eurex and took place on June 6th 2013 in Paris.

"The reflection unfortunately goes well beyond asset management," Comte told hedge fund managers who attended the Roundtable. "Our country suffers from a rigid and costly labor framework, and the tax burden is simply too high, especially for small and mid-size corporations. If we look at an industry like ours, where you can easily move a structure and basically run the same exact activity across the border in London or in Geneva, the debate about competitiveness even within Europe takes all its sense. We provide the perfect example of why having the EU without harmonization is a nonsense. We can’t blame our neighbors for playing their best hand; our political leaders have to force the conversion. This is probably a matter of tim......................

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. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass