Brevan Howard Founder Quits London For Geneva

Jun 30 2010 | 2:22pm ET

Despite new high taxes and fears of proposed European Union alternative investment regulations, there has not been an exodus of hedge funds from London. But the head of Europe’s biggest hedge fund has skipped town.

Alan Howard has moved to Switzerland and is now working from Brevan Howard Asset Management’s new Geneva office, the firm said in a London Stock Exchange statement. The firm opened its Swiss office this year, with room for as many as 100 staffers seeking to escape the new 50% top income tax rate in the U.K.

While Brevan Howard’s headquarters will remain in the British capital, individual employees will have the option to move to Geneva.

Howard remains at the helm of the firm’s flagship master fund from his lakeside tax haven, Brevan Howard said.

In April, the top rate of British income tax rose from 40% to 50% on incomes over £150,000.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.