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

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...