Tue, Aug 4, 2015
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. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  2. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  3. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner