Tuesday, 13 October 2015
Last updated 13 hours ago
Nov 20 2006 | 11:55am ET
Halifax, Nova Scotia, once the principal North American hub for Britain’s Royal Navy and famously the final resting place for many Titanic dead, is aiming for a new, lucrative claim to fame.
The city, where temperatures in January rarely top freezing and residents enjoy almost 20 inches of snow a year, may yet challenge its more temperate competitors, such as Jersey and Bermuda. Citco Group, a major hedge fund administrator based in the latter tropical paradise, is expected to announce today that it will open—with generous subsidies from Nova Scotia’s government—an office and training center in the city that will employ 350 people. Citco’s announcement comes after last week’s news that hedge fund Olympia Capital International plans a 150-employee office in the city.
According to the Globe and Mail, Bermuda-based financial companies have made hiring commitments to Halifax totaling about 1,000 jobs.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…