Hedge fund traders return to London

Hedge Fund

Low tax rates have failed to win over traders to the merits of life in Switzerland.

The Financial Times reports that Brevan Howard is moving some of its most senior traders back to London from Geneva, reversing a high-profile decision by the $27bn hedge fund to leave the UK and bucking concerns that the City’s status as Europe’s leading hub for the industry was under threat.

The decision comes as a number of other large hedge funds are also planning to expand or launch in the British capital, in a sign that international investors continue to gravitate to London.

Hedge fund managers and investors argue that low tax rates have failed to win over traders to the merits of life in Switzerland, with many leaving their families behind in London.

Hit the link below to access the complete Financial Times article:

Brevan Howard abandons Geneva and returns to London

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