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Hedge Fund Tax Break Grips Hong Kong as Banks Fear Exodus

Business

Hong Kong’s move to cut taxes for hedge funds has set off a frenzied wave of maneuvering across the city’s financial sector, with investment banks fearing an exodus of prop traders and one fund even considering rebranding a receptionist as an investor relations official to make the most of the potential windfall.


Source: Bloomberg Markets — This article was automatically imported from the source. Read full article at original source →

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Originally published by Bloomberg Markets bloomberg.com
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Gram Slattery

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