The Hedge Fund Exodus

New York Observer – Earlier this month, a story splashed across the front page of the Post warned that representatives from more than a dozen New York City hedge funds had “crossed the border” to meet with Connecticut Governor Jodi Rell.

Over fried calamari, the governor reportedly pitched the executives on moving their businesses to her state: There had been talk for months that the city’s hedge fund managers might flee because of cruel new taxes, just like the threats about a mass exodus from London to Switzerland, or from Europe to Hong Kong.

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