Guardian – Visitors to Pfäffikon, a small Swiss town on the shores of lake Zurich, would never suspect that they were in a hedge fund hot spot. But many have followed in the wake of London-based Man Group, the world’s largest publicly traded hedge fund, which set up a base in the Swiss mountains several years ago. They are coming from the UK, seeking lower taxes, less regulation and a friendly welcome, far from public anger about bonuses.
“I moved when it became obvious that government spending was getting silly. I knew the culture would translate into higher taxes and more problems,” says the boss of a fund with more than $500m under management, who recently moved from London to Pfäffikon.