London hedge funds talk the walk over Swiss move
Friday, October 2, 2009 : PermalinkReuters – 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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exodus, fund-managers, hedge fund, hedge funds, labour-party, lower taxes, switzerland
