When was the last time you drank the water you swim in? Ronnie Kirschke
You wonder why you`ve ever lived in any other place, Marc
My team called “Family” has never been more balanced and healthy. Wife and Mother of 2.
12.03.2010 @ 17:47 CET
EUOBSERVER / BRUSSELS - A meeting between French President Nicolas Sarkozy and UK Prime Minister Gordon Brown on Friday (12 March) has failed to clinch a breakthrough on hedge fund and private equity regulation, as EU talks approach their endgame.
Both sides said they were confident a deal could be struck in the coming days however, with the Spanish EU presidency keen to secure a common member-state position when finance ministers meet in Brussels next Monday and Tuesday.
Switzerland's benign tax regime has long made it a favourite with pop stars and racing drivers, but these days its appeal is growing for members of Britain's financial community, keen to avoid the 50% tax rate due next April, and other future blows to their wallets. Monaco and the Cayman Islands are more glamorous, and Gibraltar has the lowest corporate tax in Europe, but convenience and lifestyle play a big part in Switzerland's appeal — a factor stressed by the country's authorities, who have been trying to persuade the chief executives of FTSE 100 companies to relocate.
"Switzerland is an accessible location in the centre of Europe, with a stable economy, and a good selection of schools and housing," says Andrew Langton, chairman of Aylesford International (020 7349 5100, www.aylesford.co.uk), one of several high-end London estate agencies running seminars for those considering the move. "You're more likely to find what you want there than in any other tax haven." Don't underestimate the culture shock, however, especially in German-speaking cantons such as Zurich or Zug.
Opalesque Exclusive: Switzerland's 116 hedge fund offices - where are they based? How Pfaeffikon is catching up with Geneva, Zurich. Friday, February 26, 2010, Benedicte Gravrand, Opalesque London:
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For those thinking of opening up an office in Switzerland, a small town in the center of the country, with Lake Zurich’s in front and the Alpine mountains on the back, already has a claim on the finance – and especially the hedge fund – world. This town, where the 7000 or so inhabitants speak Swiss-German - and English, I am told - is Pfaeffikon. And it is at the moment in the midst of a boom, with building grounds and projects, as it is preparing to welcome an even greater international community.
Funds seeking lower taxation and lighter regulation - and a base far from public anger about bonuses - are fleeing to the shores of lake Zurich
Elena Moya, Tuesday 22 September 2009 18.43 BST View original article
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.