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London hedge funds talk the walk over Swiss move

Reuters – A hedge fund exodus from London to Switzerland in the face of higher taxes and tougher EU rules is unlikely to occur this side of a British general election, although the industry pretender remains ready to pounce.

Eyeing a new lakeside life of lower taxes and softer rules, many fund managers have said they would leave London’s glitzy lights for good if the Labour Party’s plan for a new 50 percent top tax rate becomes reality.

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