Jersey aims to attract hedge fund managers

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The four-strong team that manages the $114m (£59.78m) Altis Global Futures Portfolio is moving to Je...

The four-strong team that manages the $114m (£59.78m) Altis Global Futures Portfolio is moving to Jersey. This is the first in what Jersey hopes will be around 20 hedge fund and fund of hedge funds managers relocating to Jersey over the next five years. Zbigniew Hermaszewski, principal of Altis Partners, said he and his three partners had decided to leave the UK partly because of the "creaking infrastructure". He added: "We were attracted to Jersey by various factors. It is offshore but is not so foreign from London. It has a well regarded financial services centre. The neutral tax regim...

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