Business ::
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.
