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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Tags: exodus, fund-managers, hedge fund, hedge funds, labour-party, lower taxes, switzerland

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.

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Tags: government spending, hedge fund, hedge funds, lower taxes, man-group