Saturday, 22 November 2014
Last updated 15 hours ago
Feb 25 2008 | 12:55pm ET
Private equity titan TPG Capital is mulling a move of its European operations in the wake changes to Britain’s tax code.
The former Texas Pacific Group may move its European headquarters from London to Switzerland, Financial News reports. The Fort Worth, Texas-based buyout group will make its decision after the British government reveals its plans changes to the treatment of non-domiciled workers on March 12.
Under the proposed new rules, the U.K. could enforce at £30,000 (US$59,000) charge on long-tern resident non-domiciles. Of TPG’s 17 top practitioners in London, 13 are not British citizens.
Switzerland recently charged a working party with making the country more attractive to alternative investment firms, and the country is reportedly especially interested in persuading TPG to move to the country.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...