Brevan Howard May Quit London

Apr 21 2008 | 9:29am ET

London hedge fund giant Brevan Howard has warned the British government that it may move its headquarters to Switzerland as a result of proposed tax changes.

The $22 billion firm, which employs 250 in London, told the Financial Services Association that it may quit the British capital due to uncertainty over taxation, as well as a proposed charge on non-domiciled employees, the Telegraph reports. Five of Brevan Howard’s eight founding partners are reportedly non-domiciled in Britain.

The firm is in talks with several Swiss localities about opening an office, which could quickly be transformed into the firm’s new headquarters.

Brevan Howard is the second major alternative investments firm to consider quitting London for Switzerland. U.S. private equity giant TPG Capital is also mulling the move, also due to the non-domiciled issue. The Telegraph reports that other hedge funds and financial services firm may abandon the City because of the tax changes.


Tax Changes Could Push TPG Out Of London

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...