Thursday, 2 October 2014
Last updated 12 min ago
Apr 26 2013 | 10:17am ET
Florida's largest city isn't going to allow its northern neighbor to steal all of the hedge funds in the New York area.
Miami's Downtown Development Authority has launched a bid to lure out-of-state hedge funds to the heart of the southern Florida metropolis. Like Palm Beach County, 45 miles to the north, Miami can offer Florida's low tax rates and sunny weather.
"Many of the funds are interested in coming to Florida because of the favorable tax situation," Alyce Robertson, executive director of the DDA, told Miami Today. "We want them to bring these businesses downtown."
Robertson and another DDA board member are due to visit New York City next month and Connecticut in June. In the Big Apple, the Miami representatives will meet with representatives of 100 hedge funds, she said, in meeting set up by the International Hedge Fund Association.
Palm Beach County officials said earlier this year hedge funds have been flocking to their jurisdiction, and recently opened an office charged with luring New York-area hedge funds.
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...