News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Hedge Funds

Why the Middle East is the new Switzerland for top hedge fund managers

Switzerland is haemorrhaging talent to the United Arab Emirates. Why? The reasons for the exodus are not too hard to work out

Switzerland was hot for hedge funds, but is that popularity waning?
Switzerland was hot for hedge funds, but is that popularity waning? Photo: FN Staff

Some of the world’s top hedge fund managers moved to Switzerland in the aftermath of the 2008 financial crisis, drawn by lower tax rates that helped the country build a strong position in Europe and the world.

More than a decade down the line and that picture has started to change. Rising competition from the Middle East and Asia is making it difficult for Switzerland to retain its allure to hedge fund managers.

WSJ Logo