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Bankers Will Follow Hedge Funds to Switzerland
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 10/13/2009 5:02:54 PM

By: Follow the money

"Oct. 13 (Bloomberg) -- Geneva? Zurich? Perhaps even Zug, Switzerland? Between deciding whether to be long or short of the dollar, or pondering whether we are in the middle of a bear rally or a new bull market, London’s hedge funds also need to decide which Swiss canton they want to move to."

http://bloomberg.com/apps/news?pid=20601039&sid=ap19tV54PWuE


Anonymous
Posted: Saturday, August 13, 2011

Posted: 10/14/2009 6:40:56 AM

By: froggy

The heading of the thread is "Bankers will follow Hedge Funds to...", it does not read "Bankers will follow HF managers".. you dumb ass!

The article on Bloomberg is also biased with same confusion between Investment bankers and Hedge funds and HF managers... and if you had read the thread carefully , I DID MENTION IT WAS HEDGE FUND MANAGERS that were (maybe) moving and not HF...

I disrespect the ass that has a function...You're only a fart!


Anonymous
Posted: Saturday, August 13, 2011

Posted: 10/14/2009 6:21:31 AM

By: Managers moving

"EU regulation in the making will prevent HF, based in Switzerland, to have access to the EU market"

It's not the funds that are moving to Switzerland, it's the highly paid fund managers that are moving there.

Read the article before making stupid comments.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 10/14/2009 4:22:22 AM

By: HF to stay loyal to London

According to wealth-bulletin.com, move to Switzerland is overplayed....

http://www.wealth-bulletin.com/home/content/1055434785/

Think Kinetics is engaged in wishful thinking...


Anonymous
Posted: Saturday, August 13, 2011

Posted: 10/14/2009 2:31:34 AM

By: HF misrepresent facts

Financial Times (FT.com)
Study of HF industry by Stern University found that HF and managers misrepresent facts over key features of their investments funds...

http://www.ft.com/cms/s/0/a8d7c636-b835-11de-8ca9-00144feab49a.html?nclick_check=1

Question whether there is a future for the industry in Switzerland or elsewhere...


Anonymous
Posted: Saturday, August 13, 2011

Posted: 10/14/2009 1:08:00 AM

By: Froggy

Poor piece of journalism and a blatant lobbying manifesto from HF industry...Why mix industry concern with private tax matter...

Kinetics say they have moved 50 or so HF to Switzerland but so far has resisted the urge to say names.... Maybe it is because they just moved not the HF but the manager (and family) of the same... Not quite the same...

EU regulation in the making will prevent HF, based in Switzerland, to have access to the EU market (save they apply the same rules) and the trend is that EU law will not be smoothed out by Conservative (they have no clue anyway) or any other industry lobby...Germany, faster recovering economy in EU, and France have a particular hard line against HF...


Anonymous
Posted: Saturday, August 13, 2011

Posted: 10/14/2009 10:44:33 AM

By: knightmare3000

quite frankly I would have to ask why they want to go to Switzerland anyway? most hedge funds that operate in the US(e.g. Long term capital management,etc) operate out of CAYMANS or BAHAMAS. I would think they would want to be with the "players" of the field and hob nob with the rest of them in the Caymans.so tell them to go to the caribbean,it might be better for them


Anonymous
Posted: Saturday, August 13, 2011

Posted: 10/14/2009 10:38:37 AM

By: Translation

Some funds have established connections with banks that have ATM machines in Geneva, and Switzerland being desperate for any good news paints this that the world financial markets are moving to Switzerland.

In the words of Borat: "Not!"

There's really nothing in Switzerland, except skiing. Nobody trusts their banking privacy anymore, and for good reason.


 

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