One of London’s largest and most successful hedge funds is considering moving
to Switzerland because of uncertainty about the UK’s tax regime, writes the
Brevan Howard, which manages $22bn of hedge fund assets and employs 250
people, said this is due to the government’s tough line on non-doms.
The fund manager, run by prominent Conservative Party donor Alan Howard ,
has sounded out officials in several cantons in Switzerland with a view to
opening an office which could also serve as its new headquarters.
Five out of the fund’s eight founding partners are believed to be registered
as non-doms in Britain, all of whom have been upset by the Government’s attack
on the tax status.
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