Story thread · 2 reports / 2 sources

Hedge Fund Tax Break Grips Hong Kong as Banks Fear Exodus

bloomberg.com · 2h · first reportShare

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.