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Alternative Market Briefing

300 sunny days, supportive legislators: How hedgies build empires in Santa Fe (part 1)

Friday, July 27, 2007

From Benedicte Gravrand, Geneva: On the economic level, Santa Fe, New Mexico, has consistently maintained a low unemployment rate of 3-4% annually, says its Chamber of Commerce. The service and retail industries have shown consistent strong growth over the past few years. Other industry clusters include: biotech/biomedical, publishing, information technologies, medical practitioners, new media and financial services. There are also a few hedge funds in Santa Fe.

Mari Kooi is the CEO and founder of Wolf Asset Management International LLC, a manager of funds of hedge funds. She gave Opalesque her perspective on Santa Fe, as well as an overview of her company.

Taxes in Santa Fe: problem solved “I moved to Santa Fe in 2001, established Wolf International here,” Mrs. Kooi said, “and quickly realised that some of the difficulties associated with having a financial services business in the state of New Mexico are principally related to some of the tough laws that are in place, that prevented many financial services companies to even consider New Mexico as an option. So I helped to develop a task-force to discuss a … bill on financial services … and we received assistance from a number of community leaders.”

“That task-force continues to meet but one of the things that we have accomplished is that we went to the legislature and asked them to reconsider the current l......................

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