Hedge Fund News From HedgeCo.Net

Fund Managers Are Ditching Wall Street for Florida

(Bloomberg) Florida’s long-running effort to lure Wall Street hotshots is gaining traction thanks to a provision in the federal tax law that hits residents of high-tax states. The Sunshine State’s most recent conquests are two of the founders of I Squared Capital, Sadek Wahba and Adil Rahmathulla, who are among executives relocating to Miami from New York.

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