Soft landing in Geneva
Geneva, Switzerland (GenevaLunch) – London-based hedge fund manager Brevan Howard is looking at the possibility of moving a part of its operations to Geneva or Nyon, the company announced 25 September. Brevan Howard is Europe’s largest hedge fund manager with assets of $26.8 billion at year-end 2008. The company says up to 100 people may relocate to Switzerland.
The news comes after the UK government is set to increase a tax on non-domiciled workers in the UK, and speculation that it may increase the top rate of income tax to 50 percent starting in April, reports the Sunday Times.
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News story, GenevaLunch, 29 September 2009.
Filed under: Business
Tags: Brevan Howard, Geneva, hedge-fund manager, income tax, Nyon, relocate, Sunday Times
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October 23rd, 2009 at 9:30 am
[...] “Hedge fund manager Brevan Howard may move to Geneva“, 29 September 2009, GenevaLunch Posted by :: Sean Ecker on 23 October [...]
November 12th, 2009 at 12:07 pm
[...] Brevan Howard said in September it is considering moving 100 staff to Geneva or nearby Nyon, and the possibility that more hedge funds may consider Geneva rather than London because of high taxes for top managers remains a hot topic in the UK media. Ivan Pictet, speaking at a press conference in October for the Geneva Financial Centre, noted that Geneva remains a relatively small player in the world of hedge funds. [...]