MOORE CAPITAL, the New York-based hedge fund, has become the latest alternative investment manager to set up an office in Switzerland.
Moore Capital has opened a branch in Zürich to give its partners the option of working in a low-tax environment. Portfolio manager Kornelius Klobucar has moved from London to lead the team.
The investment firm believes Switzerland offers an attractive package in terms of work-life balance as well as earnings.
Moore Capital, which is run by the flamboyant Louis Bacon and manages an estimated $15bn (£9.6bn), follows in the footsteps of other funds.
Last month, Brevan Howard Asset Management co-founder Alan Howard moved to the firm’s newly opened office in Geneva, joining two other traders.
A Moore Capital spokesman confirmed the move to City A.M.
