Wednesday, 27 August 2014
Last updated 7 hours 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.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...