Friday, 3 July 2015
Last updated 18 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…