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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note