Hedge Funds Head for Florida With Taxes on Rich Rising Elsewhere

(Bloomberg) Chicago-based Balyasny Asset Management, with about $8 billion of assets, intends to open an outpost in Miami, according to people familiar with the matter, and Bluecrest Capital Management, which has operations in New York, opened a Miami office in 2018 that now accommodates about 10 portfolio managers. Paul Singer’s Elliott Management Corp. is also contemplating opening an office in Florida, other people said.

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