No Country for Old Hedgefunders : NYC Billionaire Paul Singer Will Move Hedge Fund to South Florida
The writing is on the wall and some people with wealth are exiting The Big Apple. This will create even more pressure on tax revenues.
The move by Singer is the latest in financial scars being felt by New York since the pandemic hit, as more than a half-million people in the city have lost their jobs.
Meanwhile, about 500 employees at Elliott Management have begun working remotely.
This article was originally posted here: https://www.ac2news.com/2020/10/no-country-for-old-hedgefunders-nyc-billionaire-paul-singer-will-move-hedge-fund-to-south-florida/.