Wednesday, 1 October 2014
Last updated 10 hours ago
Feb 9 2010 | 9:20am ET
Brevan Howard Asset Management’s new Switzerland office could house as many as 100 staffers seeking to escape higher taxes in the U.K.
Brevan Howard, Europe’s largest hedge fund firm with more than US$27 billion in assets, has acquired office space in Geneva and will open the new office soon, the Financial Times reports. Individual staffers—most of whom are currently based in London—will have the option of moving to Switzerland and working out of the new office.
“BHGH and the manager believe that the Geneva office will be a valuable addition to their global group of investment managers and will provide access to high-quality staff and infrastructure,” Gunther Thomas, CEO of Brevan Howard’s offshore holding company, wrote to investors. “In 2010, it will continue to seek further opportunities to strengthen and diversify its access to talent and resources on a global basis to ensure that all Brevan Howard managed funds remain positioned to exploit trading opportunities.”
It is unclear just how many of the firm’s staff will take advantage of the Geneva opportunity, but the FT reports the new office will be the base for between 50 and 100 traders and staff.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...