Seeing more and more PMs who are, to some degree, allowed to work from anywhere.
florida has seen some influx for obvious reasons. Are there any recommended locations (can be globally) that offer a better tax deal than NY, lower cost of living and where English is still the 1st language in town? UK sucks on all fronts, income levels in Canada seem low, maybe Switzerland (language barrier though)?
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Depending on the markets you trade and if you're ok with the time zone difference, Singapore ticks the right boxes.
Pretty much anywhere that has a decent chunk of professionals in their demographic can work. In Texas, lot of funds operate out of Dallas so that obviously works. Austin probably does too. Probably can do the Arizona thing for the same reason as Florida as well.
Dubai, Singapore.
I would stay on the Eastern Time Zone or close to it. A few options:
Nashville - Tax Advantages, Direct Flights, Good Weather, Outdoor Activities
Florida - Obvious reasons. Naples or Tampa are good options with an airport.
Charleston - Not as tax friendly but could be worth a look.
Texas - Dallas would be a nice option
Biggest drawback to pods in these and other areas is getting junior talent to move with you if you want them in person. Not many 26 year olds want to leave NY for the south if they have family ties, a relationship, etc especially given lack of options if pod blows up
Funnily enough I’m a junior analyst trying to stay in LO or L/S equities and trying to find a place in the southeast to move to (Alabama, Georgia, Tennessee, etc.) but there isn’t anyone or anything out there except for a handful of funds (already scrubbed all 13f filers and made introductions to a bunch but none are recruiting at the moment). Just patiently looking hopefully
People cite Texas as a tax haven. That’s true if you rent. If you own, much of that benefit goes away vs. many other areas. Just want to point this out for anyone thinking about location arb.
Terrible take. People that move for tax reasons are generally coming from NYC, Boston, Chicago.. TX real estate will still be much cheaper tham they are used to, plus of course no income taxes.
Lots of shops in Puerto Rico for this reason. If taxes and time zone all you worry about.
which ones?
MLP for one, but many many out there.
Zug Canton Switzerland
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