Hedge Fund Moving to Monaco
In interesting news for those in the financial world like Corey Ribotsky, Tyrus Capital,has just opened an office in Monaco. This European hedge fund which launched in 2009 is offering its staff the clever opportunity to avoid British taxes. The top tax rate in the UK is 50%, and it’s a well-known practice for hedge funds to to look into branches in Switzerland and other locations. It is not yet known just how many of its 25 employees will be heading to the money-soaked Monaco.
Learn more about this new locale at http://www.finalternatives.com/node/17299
