Sunday, 28 August 2016
Last updated 2 days ago
Sep 25 2009 | 12:08pm ET
Brevan Howard Asset Management is opening an office in Switzerland, but Europe’s largest hedge fund denies that it is planning to quit London.
The firm plans to open an office in Geneva, Reuters reports. Aron Landy, chief risk officer, did not say how many staffers would be based in the Swiss office, but said that it would be able to accommodate just about any type of employee.
“If there are people who for personal reasons want to live somewhere, we look at it,” Landy told Reuters. “We’ve been looking at it for a long time.”
The fact that Brevan Howard’s decision comes amidst widespread fear in London that the U.K.’s new tax regime, combined with impending European Union hedge fund regulation, will cause hedge fund firms to flee is “completely coincidental,” Landy said.
“We have no plans” to move from London, he said.