Sat, Feb 28, 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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie