Business ::
Geneva, Switzerland (GenevaLunch) - The latest UK company to move hedge fund managers to Geneva is Blue Crest, Europe’s third largest hedge fund group, in a move that the Financial Times suggests heralds “a trend for part-relocations.” The company is moving 50 of its managers to Geneva, out of a head office staff of some 300. Blue Crest was created in 2000 and is worth $15.5 billion today.
The company plans to move staff at a time when the European Union is considering a pay cap for alternative investment managers; Switzerland has many bilateral agreements with the European Union but is not a member.
