Living in Bermuda

rickyvic · Post by **rickyvic** » Wed Nov 09, 2016 10:44 pm

I agree too skiing during working hours is good for you!

TSWP · Post by **TSWP** » Sun Dec 11, 2016 11:09 pm

I have a question for anyone currently working at a hedge fund in an offshore non-taxed location, that could be Singapore or Bahamas, Cayman, BVI, etc.

Here is the question:

do you happen to know why the owner of the fund where you work did set up physically the fund offshore? could you summarize their logic here in a few bullet points?

I am curious to hear what are the main drivers that lead some managers to set up their shop offshore, away from the major financial centers.

darkmatters · Post by **darkmatters** » Mon Dec 12, 2016 4:04 am

The weather is fantastic and there are no income taxes. If you don't take outside money, those can be huge advantages.

HitmanH · Post by **HitmanH** » Mon Dec 12, 2016 11:21 am

Cheaper to get going than needing an onshore manager - lack of personal income tax (unless US or one of those countries that taxes on global); nice lifestyle, cheap(er) childcare / schooling / home-help.

TSWP · Post by **TSWP** » Mon Jan 09, 2017 7:41 pm

Do any of you guys agree it is more difficult to get talented people to come down and work permanently at a fund located offshore, say the Cayman Islands, versus a more typical London or New York-based fund?

darkmatters · Post by **darkmatters** » Mon Jan 09, 2017 9:27 pm

Yes, much harder. But easier to keep them.