London hedge funds talk the walk over Swiss move
Reuters – A hedge fund exodus from London to Switzerland in the face of higher taxes and tougher EU rules is unlikely to occur this side of a British general election, although the industry pretender...
View ArticleCredit Suisse clients may have lost 627 mln pounds ($195.18 mln) on Madoff
Reuters UK – Credit Suisse clients may have lost up to 1 billion Swiss francs (627.3 million pounds) ($195.18 mln) on investments connected to accused swindler Bernard Madoff, newspaper Sonntag...
View ArticleHedge Funds Buy Stocks for First Time Since October
Bloomberg – U.S. hedge funds are buying more of the nation’s stocks than they’re selling for the first time since October, while mutual funds and most other investors remain net sellers, according to...
View ArticleUK’s biz tycoons to flee high-taxed Britain
Indopia – Britain’s leading entrepreneurs are considering to leave the country as a mark of protest against UK Chancellor Alistair Darling’s new 50 per cent tax rate, a media report says. " Hugh...
View ArticleSwitzerland Beats London as Home for Mobile Rich, Says Scorpio
Bloomberg – Switzerland is the world’s most attractive financial center for the “mobile wealthy,” beating London, Singapore and New York, according to a new survey by Scorpio Partnership. The Alpine...
View ArticleConsolidation looms for Swiss funds of hedge funds
Reuters – Many of Switzerland’s smaller fund of hedge funds providers could be forced to consolidate in order to cover increasingly onerous expenses if they are unable to attract significant assets, a...
View ArticleSwitzerland – a hedge fund haven?
World Radio Switzerland – Several major hedge funds in London say they’re considering moving abroad, notably to Switzerland. They are angered by a proposition from the European Union that would require...
View ArticleFund plans ‘could strangle’ City
BBC – Under the EU plans, hedge funds would be required to be more open, and their ability to borrow would be limited. The Mayor is concerned that if these rules are adopted, hedge funds will be driven...
View ArticleIs the sun setting on London’s financial reign?
Globe and Mail – Paris, so far, has emerged as the most serious challenger. But Mr. Sarkozy may be his own worst enemy on this file. The reason: He and his German allies are wholesale supporters of the...
View ArticleJulius Baer: Lower profits, slows capital outflows at hedge fund
Earthtimes – Julius Baer, one of Switzerland’s largest wealth managers, reported Monday a net profit of 324 million Swiss francs (303 million dollars) in the first half of the year, down 37 per cent...
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