Tuesday, 23 September 2014
Last updated 8 hours ago
Nov 1 2010 | 11:57am ET
Here's a feather for the cap of London's hedge fund boosters: Bucking the trend of firms moving in the opposite direction, one fund of hedge funds shop is moving to London… from Switzerland.
Octane Holdings, which was acquired from its management last year by South Africa's Sanlam, will pick up sticks from Zürich and head to the British capital.
"London is still the hub, it's still the place to be," Sanlam Investment Management's Robert Roux told Financial News. "Tax is important, but we are not worried about it."
While few, if any, hedge fund firms have outright relocated from London to Switzerland, several have opened offices in the country to allow their employees to escape higher British taxes, among them Brevan Howard Asset Management, BlueCrest Capital Management and Moore Capital Management. What's more, several high-profile hedge fund managers, including Moore's Philippe Blochet, a co-founder of Brevan Howard, have made plans to move to Switzerland.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.