Will companies dodge financial reform by moving abroad?
Monday, July 19, 2010 : PermalinkUSA Today – U.S. banks, hedge funds and other Wall Street firms are weighing whether to move more of their operations abroad now that Congress has toughened financial regulations at home.
“We’ve talked about it with a number of clients,” says Jeff Visithpanich, principal at Wall Street compensation adviser Johnson Associates. The new bill is creating “a large administrative hassle. … If you own a big hedge fund, there’s very little reason you need to be in New York or Greenwich (Conn.).”
