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.
Canadian hedge-fund managers Salida Capital placed the winning bid in an online auction to have lunch with US investor Warren Buffet. The $1.68 million final bid money goes to the Glide Foundation, a charity that helps homeless people in San Francisco. Warren Buffet started his charity auctions 10 years ago. The winner this year will be able to send up to eight persons to dine with Buffet at Smith & Wollensky, a New York steakhouse. Toronto Globe and Mail
